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| {{Short description|American think tank}} | |||
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| {{More citations needed|date=January 2022}} | |||
| The '''Committee for Economic Development''' (CED) is an independent, non-profit, non-partisan ] based in Washington, DC. Its membership consists of some 200 senior corporate executives and university leaders. According to its mission statement, the organization is "dedicated to policy research on the major economic and social issues of our time and the implementation of its recommendations by the public and private sectors." | |||
| {{Infobox organization | |||
| CED's goal is to advance sound public policies that promote long-term and broad-based economic growth and opportunity for all Americans. Major policy issues that CED deals with include education reform, campaign finance reform, international trade and development, Social Security, economic and fiscal policy, workforce development, health care, legal and regulatory reform. | |||
| ⚫ | |name = Committee for Economic Development of The Conference Board | ||
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| ] | |||
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| |abbreviation = CED | |||
| |formation = 1942 | |||
| |type = ] ] | |||
| |headquarters = ], ] | |||
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| The '''Committee for Economic Development of The Conference Board''' ('''CED''') is an American nonprofit and nonpartisan public policy think tank. The board of trustees consist primarily of senior corporate executives from a range of U.S. industries and sectors. The organization has been credited with helping to create the ]. | |||
| == History == | == History == | ||
| According to '']'' the organization "originated in the ]" in 1942 and was created to encourage collaborative research among business leaders, economists, and New Deal politicians "to promote free enterprise and full employment, paying particular attention to the needs of small business".<ref name=":1">{{Cite web|last=Mudge|first=Stephanie L.|date=30 May 2019|title=Commentary: An Alliance Between Big Business and Democratic Socialists Isn't as Unlikely as It Sounds|url=https://fortune.com/2019/05/30/capitalism-democratic-socialists/|access-date=2022-01-30|website=]|language=en}}</ref> | |||
| The first business leaders on board were ], president of ]; ], co-founder of ] advertising firm; and ], treasurer of ].{{Citation needed|date=January 2022}} CED was first formed to help the ] transition from a wartime to peacetime economy.<ref name=":0" /> At the end of ], CED worked to garner support among the American business community for the ].<ref name=":0">{{Cite web|last=Allott|first=Daniel|date=2020-01-21|title=Capitalism must meet the challenge: Prosperity for all Americans|url=https://thehill.com/opinion/finance/479179-capitalism-must-meet-the-challenge-prosperity-for-all-americans|access-date=2022-01-30|website=]|language=en}}</ref><ref name="About CED">{{Cite web|title=About|url=https://www.ced.org/about|access-date=2022-01-30|website=Committee for Economic Development of The Conference Board}}</ref> | |||
| In January 2015, the Committee for Economic Development merged with ].<ref>{{Cite web|last=|first=|title=The Conference Board to Merge with the Committee for Economic Development|url=https://www.prnewswire.com/news-releases/the-conference-board-to-merge-with-the-committee-for-economic-development-300020593.html|access-date=2022-01-30|website=]|language=en}}</ref>{{Better source needed|reason=The current source is insufficiently reliable (]).|date=January 2022}} Both are non-partisan, non-lobbying, and have trustees drawn mainly from the business community.{{Citation needed|date=January 2022}} | |||
| CED was founded in 1942 by a group of business leaders led by Paul G. Hoffman, President of the ]; William Benton, co-founder of ] advertising firm; and ], treasurer of ]. CED's first mission was to help the U.S. economy transition from war to peace-time prosperity. At the end of World War II, CED played a key role in garnering support among the American business community for the ]. CED's work also influenced the ]. | |||
| == Work == | |||
| In the 1980s, CED became the first national business organization to become actively involved in education policy. Viewing students as future leaders, citizens, and workers, CED saw improving educational outcomes as vital to economic growth. In recent years, CED has been in the forefront of efforts to quantify the economic benefits of investments in high-quality early education, and in building support among the business community for voluntary, universal preschool. | |||
| The CED has been credited with helping to create the ], the ] (and therefore the ] and the ]) and the ].<ref name=":1" /><ref name=":0" /> | |||
| Since its inception, CED has promoted policies that its trustees believe will foster American economic growth and development and indirectly benefit the country and people. The organization conducts research and outreach efforts in the U.S. and abroad to change policy at all levels of government. More recently CED has also advocated to increase access to ] and ], for ] nationally, for more women in corporate leadership, and for reduced government spending.<ref name="About CED" />{{Better source needed|reason=The current source is insufficiently reliable (]).|date=January 2022}} | |||
| CED has also played a critical role in the ] debate. As the only national business group to actively support the ] ban, CED played a decisive role in building support among the business community for passge of the ]. | |||
| == Stated aims == | |||
| CED has also been active on national budget and fiscal policy. Concerned about the enormous and ballooning federal budget deficit and its effect on long-term economic growth and standard of living, CED has been in the vanguard of the effort to rein in the deficit and to effect action ensuring responsible and forward-looking budget policy in Washington. | |||
| As of 2022 CED's stated aims are to sustain and promote ], improve ] and ], reform ], enhance ], and improve the fiscal health of the ].<ref name="About CED" /> | |||
| == |
== Reception == | ||
| The organization has been called "the capitalists who cared enough about the system to save it."<ref name=":0" /> | |||
| == References == | |||
| CED's current president is . The current co-chairs of CED are W. Bowman Cutter, Managing Director, Warburg Pincus LLC; and ], Partner, Hills, Stern & Morley LLP. | |||
| {{Reflist}} | |||
| == Further reading == | |||
| CED is led by its 200 member Board of Trustees. CED's Executive Committee is the organization's primary executive body. The Research and Policy Committee (R&P) directs the research agenda at CED. | |||
| {{Cite book|last=Schriftgiesser|first=Karl|url=https://www.worldcat.org/oclc/911692573|title=Business Comes of Age. The Story of the Committee for Economic Development and Its Impact Upon the Economic Policies of the United States, 1942-1960|date=1967|publisher=]|location=New York|language=English|oclc=911692573}} | |||
| Once the R&P approves of a research project, a subcommittee of Trustees is formed to direct the research and formulation of policy recommendations. CED's staff, often assisted by outside experts, conducts the research and prepares drafts for review by the subcommittee. Once the subcommittee is satisfied with the findings and recommendations, they are submitted for final approval. A majority of members of the R&P and the applicable subcommittee must approve of the work in order for it to be approved as an official "policy statement." CED's policy statements are its flagship publications, constituting the official policy positions of CED. | |||
| {{Authority control}} | |||
| == External links == | |||
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Latest revision as of 18:11, 11 March 2023
American think tank
 | This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Committee for Economic Development" – news · newspapers · books · scholar · JSTOR (January 2022) (Learn how and when to remove this message) |
 | |
| Abbreviation | CED |
|---|---|
| Formation | 1942 |
| Type | Think tank nonprofit organization |
| Headquarters | New York, NY, United States |
| Website | www.ced.org |
The Committee for Economic Development of The Conference Board (CED) is an American nonprofit and nonpartisan public policy think tank. The board of trustees consist primarily of senior corporate executives from a range of U.S. industries and sectors. The organization has been credited with helping to create the Marshall Plan.
History
According to Fortune the organization "originated in the Commerce Department" in 1942 and was created to encourage collaborative research among business leaders, economists, and New Deal politicians "to promote free enterprise and full employment, paying particular attention to the needs of small business".
The first business leaders on board were Paul G. Hoffman, president of Studebaker Corporation; William Benton, co-founder of Benton & Bowles advertising firm; and Marion B. Folsom, treasurer of Eastman Kodak Company. CED was first formed to help the U.S. economy transition from a wartime to peacetime economy. At the end of World War II, CED worked to garner support among the American business community for the Marshall Plan.
In January 2015, the Committee for Economic Development merged with The Conference Board. Both are non-partisan, non-lobbying, and have trustees drawn mainly from the business community.
Work
The CED has been credited with helping to create the Bretton Woods Agreement, the Employment Act of 1946 (and therefore the Council of Economic Advisers and the Joint Economic Committee) and the Marshall Plan.
Since its inception, CED has promoted policies that its trustees believe will foster American economic growth and development and indirectly benefit the country and people. The organization conducts research and outreach efforts in the U.S. and abroad to change policy at all levels of government. More recently CED has also advocated to increase access to pre-kindergarten and college, for campaign finance reform nationally, for more women in corporate leadership, and for reduced government spending.
Stated aims
As of 2022 CED's stated aims are to sustain and promote free enterprise, improve education and healthcare, reform campaign finance, enhance corporate governance, and improve the fiscal health of the United States.
Reception
The organization has been called "the capitalists who cared enough about the system to save it."
References
- ^ Mudge, Stephanie L. (30 May 2019). "Commentary: An Alliance Between Big Business and Democratic Socialists Isn't as Unlikely as It Sounds". Fortune. Retrieved 2022-01-30.
- ^ Allott, Daniel (2020-01-21). "Capitalism must meet the challenge: Prosperity for all Americans". The Hill. Retrieved 2022-01-30.
- ^ "About". Committee for Economic Development of The Conference Board. Retrieved 2022-01-30.
- "The Conference Board to Merge with the Committee for Economic Development". PR Newswire. Retrieved 2022-01-30.
Further reading
Schriftgiesser, Karl (1967). Business Comes of Age. The Story of the Committee for Economic Development and Its Impact Upon the Economic Policies of the United States, 1942-1960. New York: Harper and Brothers. OCLC 911692573.
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