This articleneeds additional citations forverification.(January 2022) |
TheCommittee 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 theMarshall Plan.
 | |
| Abbreviation | CED |
|---|---|
| Formation | 1942 |
| Type | Think tanknonprofit organization |
| Headquarters | New York, NY,United States |
| Website | ced.org |
History
According toFortunethe organization "originated in theCommerce 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 ".[1]
The first business leaders on board werePaul G. Hoffman,president ofStudebaker Corporation;William Benton,co-founder ofBenton & Bowlesadvertising firm; andMarion B. Folsom,treasurer ofEastman Kodak Company.[citation needed]CED was first formed to help theU.S. economytransition from a wartime to peacetime economy.[2]At the end ofWorld War II,CED worked to garner support among the American business community for theMarshall Plan.[2][3]
In January 2015, the Committee for Economic Development merged withThe Conference Board.[4][better source needed]Both are non-partisan, non-lobbying, and have trustees drawn mainly from the business community.[citation needed]
Work
The CED has been credited with helping to create theBretton Woods Agreement,theEmployment Act of 1946(and therefore theCouncil of Economic Advisersand theJoint Economic Committee) and theMarshall Plan.[1][2]
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 topre-kindergartenandcollege,forcampaign finance reformnationally, for more women in corporate leadership, and for reduced government spending.[3][better source needed]
Stated aims
As of 2022 CED's stated aims are to sustain and promotefree enterprise,improveeducationandhealthcare,reformcampaign finance,enhancecorporate governance,and improve the fiscal health of theUnited States.[3]
Reception
The organization has been called "the capitalists who cared enough about the system to save it."[2]
References
- ^abMudge, Stephanie L. (30 May 2019)."Commentary: An Alliance Between Big Business and Democratic Socialists Isn't as Unlikely as It Sounds".Fortune.Retrieved2022-01-30.
- ^abcdAllott, Daniel (2020-01-21)."Capitalism must meet the challenge: Prosperity for all Americans".The Hill.Retrieved2022-01-30.
- ^abc"About".Committee for Economic Development of The Conference Board.Retrieved2022-01-30.
- ^"The Conference Board to Merge with the Committee for Economic Development".PR Newswire.Retrieved2022-01-30.
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.OCLC911692573.