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Manufacturing is still critical to the economy United States. Clyde Prestowitz, says it's time to start realizing the positive spillovers that manufacturing creates... Read more  

Events & Activities

Stephen Olson at Chinese Development Institute Conference

 

 Clyde Prestowitz giving presentation to CDI...

 

Steve Olson teaching trade negotiations at the Mekong Institute...

 

Stephen Olson to speak at upcoming workshop organized by the International Institute for Trade and Development on 

"Economics of GMS Agricultural trade in goods and services towards the world market"

Chiangmai, Thailand Sep 8-12.

(08/09/10) Benzinga.com Discusses Free Trade Theory and Betrayal of American Prosperity

The Economist Magazine's Attack on Industrial Policy

Posted on 08/09/10 by Steven Schuster

The latest Economist magazine has a giant octopus on the cover with the headline, "Leviathan Inc The State goes back into business." The danger according to the Economist is industrial policy. When it comes to the USA the Economist has it wrong. The fact that the U.S has no industrial policy is exasperating the jobless recovery. Ironically, without clearly stated goals about which industries the U.S needs to concentrate on, we raise the odds that pouring federal dollars into a scattershot of companies will result in wasted money.

The evidence:

Several business leaders recently have warned that the U.S has lost its manufacturing edge and that the situation is getting dire. In a Businessweek cover story, a few weeks ago, entitled, How to Create an American Job, former Intel CEO Andy Grove advocated just the type of industrial policy the Economist decried. ?If what I?m suggesting sounds protectionist, so be it,? said Grove.

Click Here to read the the entire article at Benzinga.

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Latest Publications


The Betrayal of American Prosperity.


The Trans-Paific Partnership and Japan.


Making the Mexian Miracle.


Industrial Policy and Rebalancing in the US and China.


The Evolving Role of China in International Institutions.

 

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