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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.

(7/19/12) Prestowitz Quoted in the American Conservative

Global Financial Capitalism: Not Working

By Scott Galupo ? The American Conservative July 19, 2012 The International Monetary Fund issued a warning that will no doubt send deflation hawk Paul Krugman into a #facepalm. The Washington Post reports:

Europe could suffer a dangerous bout of deflation if regional officials, including those at the European Central Bank, do not move quickly to support the continent?s banks and the wider economy, the IMF warned Wednesday. Using some of its most ominous language yet, the usually understated IMF called the euro zone 'unsustainable in its current form'. 

In testimony to Congress last month, Fed Chairman Bernard Bernanke explained how the Eurozone crisis acts ?as a drag on our exports? and weighs heavily on U.S. financial institutions. And this week Reuters reported on National Association for Business Economics survey data that suggests 'American companies are scaling back plans to hire workers and a rising share of firms feel the European debt crisis is taking a bite out of their sales.' Meanwhile, at his Foreign Affairs blog, trade deficit watchdog Clyde Prestowitz writes today:

The weaknesses of the whole global system are now becoming excruciatingly apparent. China has been urged by the G-20 and has committed to rebalancing and focusing on domestic consumption led growth. But consumption accounts for only 35 percent of China?s GDP and is not large enough to be an engine of growth in the short term.

Click here to read the entire article at the American Conservative

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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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