Business
Jeffrey Garten’s book, Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy, examines the unlikely events that led to President Richard Nixon’s surprise announcement that the U.S. dollar would no longer be fixed to gold. Here, 50 years later, Garten details the political maneuvering, the now-familiar cast of characters and the themes that resonate for management of the global economy today. Jeffrey E. Garten is dean emeritus at the Yale School of Management, where he teaches courses on the global economy and crisis management. For industry-leading insights, support tools and more, subscribe to Capital Ideas at getcapitalideas.com. The Capital Ideas website is not intended for use outside the U.S. In Canada visit capitalgroup.com/ca for Capital Group insights.