Please join us for a talk by Robert D. Hormats, the Under Secretary of State for Economic Growth, Energy, and the Environment. This event is sponsored by The Center for Middle East Development, the Burkle Center for International Relations, and the Anderson School Center for Global Management.
As Harry Truman said, “our relations, foreign and economic are indivisible.” These words are just as true today, with difficulties in the Eurozone, revolutions bringing political change to the Middle East, and economic growth a domestic American priority. Economic growth abroad is good for the world and good for the United States. All states need robust economies to provide for their own needs. Healthy foreign economies raise living standards for their citizens and can create markets for U.S. exports. Economic growth is also crucial for sustaining political change and, as such, is an important component of national and regional stability. Growing economies can also serve to promote greater social inclusion; indeed, more and more countries are realizing that it is imperative to unlock the potential of women and girls, as their economies cannot afford to exclude 50% of the workforce. Many U.S. foreign policy goals, be they economic, political, social or developmental can be advanced by promoting economic growth abroad. And to the extent that our foreign policy aims opens doors for American firms or creates markets for American products, economic growth abroad contributes to economic renewal at home.
Robert D. "Bob" Hormats was sworn in as Under Secretary of State for Economic Growth, Energy, and the Environment (at the time, entitled Under Secretary of State for Economic, Business, and Agricultural Affairs) on September 23, 2009. Hormats was formerly Vice Chairman of Goldman Sachs (International). He served as Senior Deputy Assistant Secretary, from 1977 to 1979, and Assistant Secretary of State, from 1981 to 1982, at the Bureau of Economic and Business Affairs. He was Ambassador and Deputy U.S. Trade Representative from 1979 to 1981. He served as a senior staff member for International Economic Affairs on the United States National Security Council from 1969 to 1977, where he was senior economic adviser to Henry Kissinger, General Brent Scowcroft and Zbigniew Brzezinski. He helped to manage the Nixon administration's opening of diplomatic relations with China's communist government. He was a recipient of the French Legion of Honor in 1982 and the Arthur S. Flemming Award in 1974. Hormats has been a visiting lecturer at Princeton University and served on the Board of Visitors of the Fletcher School of Law and Diplomacy at Tufts University and the Dean’s Council of the John F. Kennedy School of Government at Harvard University.