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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.

(4/11/11) Nikkei quotes Presotwitz blog on Japan's recovery

The Nikkei Weekly (Japan)

April 11, 2011 Monday

World praises Japan's perseverance, orderliness

On March 18, the day after the yen was driven to an all-time high of 76.25 to the dollar, Group of Seven finance ministers and central bank governors held an emergency videoconference.

Saying "the market will be unconvinced without strong action," Finance Minister Yoshihiko Noda asked his peers to do something that had been forbidden for more than 10-and-a-half years: Simultaneous market interventions by Japan, the U.S. and Europe.

U.S. Treasury Secretary Timothy Geithner said the U.S. was ready for any request from Japan. European Central Bank President Jean-Claude Trichet immediately followed with a promise of cooperation. Concerned about the possible global impact of the earthquake, the world community reached an immediate consensus to pitch in on Japan's behalf.

Click here to read the entire article at the Nikkei.com (subscription required).

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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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