Committee for Economic Development: Difference between revisions

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The '''Committee for Economic Development of The Conference Board''' ('''CED''') is aan American nonprofit, and nonpartisan, business-led public policy organizationthink tank. CED's 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 (magazine)|Fortune]]'' the organization "originated in the [[United States Department of Commerce|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".<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=[[Fortune (magazine)|Fortune]]|language=en}}</ref>

CEDThe was founded in 1942 by a group offirst business leaders ledon board bywere [[Paul G. Hoffman]], president of [[Studebaker|Studebaker Corporation]]; [[William Benton (senator)|William Benton]], co-founder of [[Benton & Bowles]] advertising firm; and [[Marion B. Folsom]], treasurer of [[Kodak|Eastman Kodak Company]].{{Citation needed|date=January 2022}} CED was first formed to help the [[Economy of the United States|U.S. economy]] transition from a wartime to peacetime economy.<ref name=":0" /> At the end of [[World War II]], CED worked to garner support among the American business community for the [[Marshall Plan]].<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=TheHill[[The Hill (magazine)|The Hill]]|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 [[The Conference Board]], given the many synergies between the two organizations.<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=[[PR Newswire]]|language=en}}</ref>{{Better source needed|reason=The current source is insufficiently reliable ([[WP:NOTRS]]).|date=January 2022}} Both are non-partisan, non-lobbying, and have trustees drawn mainly from the business community.{{Citation needed|date=January 2022}}

Since its inception, CED has aimed to promote policies that its trustees believe will foster economic growth and development to benefit all Americans. The organization conducts research and outreach efforts in the U.S. and abroad to change policy at the local, state, and national levels. In recent decades, CED has increased access to [[pre-kindergarten]] and [[college]], advocated [[Campaign finance reform in the United States|campaign finance reform]] nationally, placed more women in corporate leadership, and reduced government spending.<ref name="About CED"/>{{Better source needed|reason=The current source is insufficiently reliable ([[WP:NOTRS]]).|date=January 2022}}

== Work ==

In January 2015, the Committee for Economic Development merged with [[The Conference Board]], given the many synergies between the two organizations.<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=[[PR Newswire]]|language=en}}</ref>{{Better source needed|reason=The current source is insufficiently reliable ([[WP:NOTRS]]).|date=January 2022}} Both are non-partisan, non-lobbying, and have trustees drawn mainly from the business community.{{Citation needed|date=January 2022}}

The CED has been credited with helping to create the [[Bretton-Woods Agreement|Bretton Woods Agreement]], the [[Employment Act of 1946]] (and therefore the [[Council of Economic Advisers]] and the [[Joint Economic Committee]]) and the [[Marshall Plan]].<ref name=":1" /><ref name=":0" />

Since its inception, CED has aimed to promotepromoted policies that its trustees believe will foster American economic growth and development toand indirectly benefit allthe country and Americanspeople. The organization conducts research and outreach efforts in the U.S. and abroad to change policy at theall local,levels state,of and national levelsgovernment. InMore recent decades,recently CED has increasedalso advocated to increase access to [[pre-kindergarten]] and [[college]], advocatedfor [[Campaign finance reform in the United States|campaign finance reform]] nationally, placedfor more women in corporate leadership, and for reduced government spending.<ref name="About CED" />{{Better source needed|reason=The current source is insufficiently reliable ([[WP:NOTRS]]).|date=January 2022}}

== Stated aims ==

As of 2022 CED's stated aims are to sustain and promote [[free enterprise]], improve [[education]] and [[health care|healthcare]], reform [[campaign finance in the United States|campaign finance]], enhance [[corporate governance]], and improve the fiscal health of the [[United States]].<ref name="About CED" />{{Better source needed|reason

==The currentReception source is insufficiently reliable ([[WP:NOTRS]]).|date=January 2022}}=

The organization has been called "the capitalists who cared enough about the system to save it."<ref name=":0" />

== References ==

{{Reflist}}

== Further reading ==

{{Cite book|last=Schriftgiesser|first=Karl|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=[[Harper and Brothers]]|___location=New York|language=English|oclc=911692573}}

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[[Category:Think tanks based in Washington, D.C.]]

[[Category:Non-profit organizations based in Washington, D.C.]]

[[Category:1942 in Washington, D.C.]]

[[Category:1942 establishments in Washington, D.C.]]

[[Category:Economic development organizations in the United States]]