Council on Foreign Economic Policy
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The U.S. Council on Foreign Economic Policy (CFEP) was a high-level organization created by President Dwight D. Eisenhower in December 1954 to coordinate the development of the foreign economic policy of the United States.
The CFEP was responsible for ensuring that U.S. economic policy abroad was aligned with national interests, involving analysis, policy formulation, and coordination among various government departments.
Mission
The mission of the Council on Foreign Economic Policy was to coordinate the development of U.S. foreign economic policy through a high-level interdepartmental effort. It aimed to achieve consistency between domestic and foreign economic policies, provide a comprehensive approach to international economic issues, and serve as a clearinghouse for information and policy analysis[1].
Parent organization
The CFEP did not have a direct parent organization but was part of the executive branch under the oversight of the President of the United States.
Legislation
The CFEP was established by Executive Order 10583 by President Dwight D. Eisenhower on December 11, 1954[2].
Partners
Various U.S. government departments and agencies, including the:
Number of employees
The exact number of employees or staff for the CFEP is not specified in historical records.
Organization structure
The structure of the CFEP included:
Leader
The council was chaired by a Special Assistant to the President, initially Joseph M. Dodge, followed by Clarence B. Randall.
Divisions
- Policy Coordination for aligning departmental policies.
- Economic Analysis for studying trends and implications of foreign economic policies.
List of programs
- Policy Formulation and Coordination across government agencies.
- Handbook on Foreign Economic Policy preparation for policy reference.
Last total enacted budget
Specific budget details for the CFEP are not publicly documented from the references provided.
Staff
The CFEP operated with support from senior government officials but didn't have a fixed staff complement documented publicly.
Funding
The CFEP was funded through the executive branch's budget, managed as part of the broader governmental financial operations.
Services provided
The CFEP provided services like policy coordination, economic analysis, and recommendations on international economic matters. It was instrumental in preparing comprehensive policy documents and ensuring inter-agency consensus on economic strategies[3].
Regulations overseen
As a policy coordination body, CFEP did not directly oversee regulations but influenced policy that could lead to regulatory actions by other government agencies.
Headquarters address
Since CFEP was an advisory body within the executive branch, no specific headquarters address is documented.
History
The Council on Foreign Economic Policy was formed in December 1954 under President Eisenhower to address the complexities of post-war economic internationalism. It functioned until the end of Eisenhower's administration, playing a key role in crafting U.S. economic policy towards Europe and other regions. Its activities included coordinating policies on trade, investment, and foreign aid, with significant work done under the leadership of Joseph M. Dodge and later Clarence B. Randall[4].
History
On July 12, 1954 the President's Advisory Committee on Government Organization chairman Nelson Rockefeller and the director of the Bureau of the Budget Rowland Hughes recommended to President Eisenhower that a detailed study be made of the adequacy of executive branch organization for the development and coordination of foreign economic policy. Eisenhower agreed that such a study was needed and ordered them to conduct the study, and to secure a top-notch individual to direct the necessary staff work. The individual selected to make the study was Joseph M. Dodge. Dodge spent the next three months contacting various government agencies and analyzing their roles in the field of foreign economic policy. In his final report to the President, dated November 22, 1954, Dodge recommended the creation of a White House staff organization devoted exclusively to the orderly development of foreign economic policy as the best method of ensuring proper coordination between the various agencies.
On December 11, 1954, the President sent a letter to Joseph Dodge which became the authority for the CFEP. Dodge was appointed a Special Assistant to the President and given the responsibility of assuring the effective coordination of foreign economics policy matters among the various executive agencies. The basic members of the CFEP were to be the Secretaries of State, Treasury, Commerce, Agriculture, and the Director of the Foreign Operations Administration. Ex officio members were to be the President’s Administrative Assistant for Economic Affairs, the President’s Special Assistant for National Security Affairs, and a member of the Council of Economic Advisers.
The first meeting of the CFEP, on December 22, 1954 was basically an organizational meeting to acquaint members with the CFEP and its responsibilities. Policy issues were not discussed in earnest until the second meeting on January 4, 1955. Thereafter the CFEP met on a weekly basis while the most pressing policy problems were debated.
Dodge resigned from the CFEP on July 10, 1956, and Clarence B. Randall succeeded Dodge as CFEP chairman.[5] Randall was a long-time official of the Inland Steel Company of Chicago, Illinois, and in 1948 served as a steel consultant for the Economic Cooperation Administration in Paris, where he became involved in the planning of Western Europe’s steel production. In August 1953 President Eisenhower appointed Randall chairman of the President’s Commission on Foreign Economic Policy (commonly known as the Randall Commission), an ad hoc body created by Congress to study the foreign trade policy of the United States.
In addition to resolving policy disputes, the CFEP often conducted detailed studies of various aspects of foreign economic policy. Although this was sometimes done at the CFEP’s own initiative, the studies were usually made at the request of an executive agency to help the agency formulate policy. Because of its role as a coordinator, the CFEP often acted as a clearinghouse of information on foreign economic policy. One major activity of the CFEP staff was the preparation of a Handbook on Foreign Economic Policy. This was a collection of abstracts of presidential statements and government policy papers which describe the U.S. position on all aspects of foreign economic policy. The Handbook was distributed to many government agencies where it served as a useful reference work in the determination of policy matters.
During the last two months of the Eisenhower administration, the amount of work of the CFEP decreased as the government prepared for the transition to the Kennedy administration. The last CFEP meeting was held on December 20, 1960.
External links
References
- ↑ "Council on Foreign Economic Policy * Wikipedia". https://en.wikipedia.org/wiki/Council_on_Foreign_Economic_Policy.
- ↑ "Council on Foreign Economic Policy * Wikipedia". https://en.wikipedia.org/wiki/Council_on_Foreign_Economic_Policy.
- ↑ "Council on Foreign Economic Policy * Wikipedia". https://en.wikipedia.org/wiki/Council_on_Foreign_Economic_Policy.
- ↑ "Council on Foreign Economic Policy * Wikipedia". https://en.wikipedia.org/wiki/Council_on_Foreign_Economic_Policy.
- ↑ Government Printing Office. U.S. Government Organization Manual. Washington, DC: GPO.
References
External links
- U.S. Council on Foreign Economic Policy Records, Dwight D. Eisenhower Presidential Library
- Papers of Joseph M. Dodge, Dwight D. Eisenhower Presidential Library
- Journals of Clarence B. Randall, Dwight D. Eisenhower Presidential Library
- Papers of Joseph Rand (Secretary, Council on Foreign Economic Policy, 1954-1961), Dwight D. Eisenhower Presidential Library