Drawing on a distinguished bipartisan panel that included Edmund Muskie, Paul Volcker, Bobby Inman, Sally Ride, Charles McC. Mathias Jr., Douglas A. Fraser, Donald M. Stewart, and Isabel V. Sawhill, this book analyzes foreign and domestic issues America confronts as the world begins to emerge from the post-World War II period. The panel identified the two major challenges facing the United States, to restore a healthy balance in our economy between investment and consumption and imports and exports, and to maximize the benefits to be achieved from changes underway in the Soviet Union, and offers a provocative blueprint to achieve these goals. The panel offers specific, bold policy recommendations in the areas of the economy, foreign policy, social programs, and the federal budget.