There is no lack of apocalyptic handwringing about the UK’s vote last night to leave the European Union—the so-called Brexit. But a more optimistic scenario is also possible.

The problem is not with the trade agreements; it is with America’s failure to create policies at home that equip workers to adjust to rapid import penetration and to exploit new opportunities that trade could bring.

In my view, a reconceiving of American trade policy for the twentieth century is not just one of the most important issues facing the next administration, but key to virtually all others. The reason is no mystery: we can’t have a dynamic and resilient economy without vigorous trade when the 90% of the global population who live outside of our borders are consuming, investing, inventing. And we cannot financially afford the kind of national security policy we need – be it combating terrorism at home or standing up to Russia and China abroad – without a strong economy. So the key question becomes, what is the right kind of trade policy for the U.S.?

Tuesday’s big victories for Donald Trump and Hillary Clinton are just the start of an election year that will transform the Presidency, Congress, and, ultimately, the Supreme Court. Here’s an early prediction: no matter the final outcome, America’s largest companies will find themselves in troubled waters.

When the dust clears on the 14 presidential contests on March 1, it is a good bet that none of the candidates will have adequately talked about a number of the most critical issues confronting the nation. High among them: how should America engage with the global economy?

Given our age of seemingly limitless technological possibilities, maybe it’s not surprising that so many people feel they can make dramatic change happen on a massive scale.

Recurrent threats to force a U.S. debt default could end in catastrophe. There are better ways for Congress to oversee its fiscal responsibilities — and it’s time to use them.

The trade agreement is historic, but it alone is not enough. It should be linked to additional legislation that ensures America’s workforce is much better prepared to compete in an increasingly open and hypercompetitive world economy.

As the U.S. economy gains strength while other countries face roadblocks to growth, now is the time for America to engineer a massive raid on the brain power abroad and capture the world’s scientists, tech-savvy talent, engineers, and mathematicians.

Why Obama needs to step up U.S. investment in emerging markets, including trade missions, scientific and cultural exchanges, and military cooperation.

Yes, they have been walloped, but don’t discount how crucial they are when it comes to trade, climate change, peace and everything in between.

Few U.S. institutions have more influence on other countries, and as we are about to see a hike in interest rates, it just might be time to make the Fed even more global.

How to handle the internationalization of the renminbi, the Chinese currency.

Seven years out from the global financial crisis, Europe is in turmoil, while the U.S. appears a bastion of stability — and one piece of controversial legislation has been key.