How will the election of Barack Obama change the way America leads? How will the world view of the US change? Is American dominance over? Expert panelists from the Council on Foreign Relations, The Economist and NYU Stern addressed these questions of the future of American leadership at the second event in a series of three entitled, "Transition 2008: Advising America's Next President."

On the panel was Michael Moran, Executive Editor of CFR.org, Lane Greene, International Correspondent for The Economist and Richard Sylla, Henry Kaufman Professor of the History of Financial Institutions and Markets and Professor of Economics, NYU Stern. The panel was moderated by Alexandra Starr, writer for Slate Magazine and former political correspondent for BusinessWeek.

Michael Moran: This is not a Bretton Woods II. He points out that the original Bretton Woods conference was held when Sweden, left in tact after World War II, was the third largest functioning economy in the world. Moran adds that the US will not be "walking the walk" in terms of economics over the next two years. He foresees more propping up of industries and intervening in markets-actions that the US condemned the French for doing.	Watch Michael Moran
Lane Greene: The public largely blames America for the economic crisis. While the economic crisis is global in scope, Greene says the public largely blames the US, specifically capitalism and American economic ideas on how to organize economies. This perception could lead to protectionism from countries around the world and is likely change how the US talks about economic policy.	Watch Lane Greene
Richard Sylla: We're moving back towards a pre-1914 world. Providing a brief historical narrative on global financial history, Sylla believes that the rise of emerging economies such as China and India is a good thing. He believes the US will continue to lead because there isn't a willing substitute. To be a good leader, he notes, the US should involve others in the discussion.	Watch Richard Sylla