On LeadershipIssue: Winter 2005-2006
AMERICAN BUSINESS leaders and policymakers cannot afford to indulge in unrealistic expectations but need to face geopolitical and geo-economic realities. The United States may be the world's sole superpower at this moment in time, but if we do not address our growing fiscal and current account deficits and if we mismanage our relations with other key actors--notably China--then American leadership within the global community will be seriously weakened. For America to project leadership abroad, this administration and Congress must be prepared to take the high road and demonstrate leadership at home. Too often in recent years, shrill rhetoric, political expediency and a focus on short-term issues have distracted us from the larger picture.