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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.

Country and Area Studies

Sometimes deeper analyses of the underlying economic, social, and political factors facing specific nations and regions is called for. These studies explore the particular features and facets of domestic and regional economies around the world.

Making the Mexican Miracle

Mexico's performance over the past decade has been good, but Korea, China, Ireland, Taiwan, and Turkey are Mexico?s new peers. They have grown more rapidly and delivered greater gains to their citizens. Mexico is like a global corporation in danger of over-confidence while actually losing market share and becoming more vulnerable to unexpected competition and shocks. Making the Mexican miracle illustrates the threats that the Mexican economy faces, and the steps that it must take to remain competitive.

Click here to download the complete presentation


Israel 2020: A Strategic Vision for Economic Development

Click Here to Download the Full Report as a PDF File


Image Israel's economic performance over the past decade has been impressive. The combination of recent structural reforms and huge investments in R&D has led to a high-tech boom. Israeli political and business leaders deserve credit for their successes. Many difficult reforms were enacted and much of the foundation for future economic growth has already been laid. Indeed, its successes have catapulted Israel into the top ranks of the developed world's economies. But Israel's new peers are formidable competitors, and Israel cannot rest on its laurels.

Many other countries have also had impressive economic performances over the past 10 years and have grown faster and delivered greater gains to their citizens than Israel. In this regard, Israel is like a global corporation in danger of complaisance over its growth without realizing that it is losing market share and could well find itself facing an unexpected crisis.

Read more ...

The Yens Appreciation and the Nature of the Policy Debate in Japan

Click Here to Download the Full Report in PDF Format

On June 24, 1994, in an attempt to stem the fall of the dollar, President Clinton and Treasury Secretary Bentsen stated in no uncertain terms that the U.S. wants a stronger dollar, not a stronger yen. The U.S. monetary authorities made their presence felt in the foreign exchange market, intervening heavily in order to keep the dollar from falling further. The U.S. Federal Reserve also raised interest rates six times since the beginning of the year.

In spite of such concerted efforts by the United States, the yen-dollar rate failed to respond. This failure confirmed something very important: that the strong yen has little to do with the United States and has everything to do with Japan. After all, if the strong yen was master-minded in Washington as many were led to believe, such a clear statement from the White House should have been sufficient to turn the situation around. The fact that it didn't suggests that Washington had no bearing on the exchange rate from the very beginning, and that the causes behind the strong yen have always had their roots in Japan.


Economic Crisis and Structural Reforms in South Korea

Click Here to Download the Full Report in PDF Format

South Korea has long been touted as an outstanding model of economic development. Despite poor resource endowment and a large population, a colonial legacy, the devastation following the Korean War, chronic political instability, and the protracted military confrontation with North Korea, South Korea has made an impressive ascension in the international economic system, becoming the 13th largest economy and the 8th largest trading state in the world in a relatively short span.

Beneath the economic miracle lay human capital investment, a timely transition to an export-led growth strategy, and the visible hands of the developmental state. As a developmental state, South Korea was able to expedite the pace of economic growth by identifying strategic industrial sectors, making discretionary allocation of resources to those sectors, and minimizing the collective action dilemma pervasive in most developing countries.

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Korea's Economic Dilemma

Click Here to Download the Report in PDF Format

This report examines the state of South Korea's economy in the wake of the 1997 financial crisis and finds that despite some much needed reform and memebership in the OECD, the economy is still far from open. It calls for international organizations and the country's main trading partners to maintain pressure on the South Korean government to continue to liberalize the economy.


Japan and the U.S. Reconsidered - Evolution of Security and Economic Choices Since 1960

Click Here to Download the Report in PDF Format

This collection of essays traces the development of the U.S. - Japan economic and security relationship since 1960. While most studies of this kind are written from a parochial American persepective that emphasizes the benevolence of American economic and security policies towards Japan, the editors of this survey endeavored to uncover whether in fact the Japanese have skillfully exploited America's strategic needs in order to serve Japan's own interests.

The study thus seeks to answer whether the U.S. traded American economic interests for Japanse cooperation in the security sphere. Contributors to the study include:

  • Michael Schaller
  • Kiyoshi Sugawa
  • Koji Murata
  • Marie Anchordoguy
  • Edward J. Lincoln
  • Alan Wolff
  • and Chalmers Johnson

The European Agenda - Jacques Santer

Jacques Santer, President of the European Commision, speaks to the Economic Strategy Institute on May 5, 1998 on the the EU's agenda for the next millenium.

Click Here to Download Santer's Remarks in PDF Format


Titanic Japan: The Iceberg Hits but the Dancing Goes On

Presentation by Yuriko Koike, member of the Japanese Diet, at the Economic Strategy Institute on May 6, 1998.

Click Here to Download the Presentation in PDF Format


As China Moves Towards the 21st Century - Li Zhaoxing

Remarks of the Honorable Li Zhaoxing, Ambassador of the People's Republic of China, at the Economic Strategy Institute, May 6, 1998.

Click Here to Download the Speech in PDF Format


Clash of the Titans: Hashimoto, Ozawa and US - Japanese Relations

Remarks by Clyde Prestowitz, President and Founder of the Economic Strategy Institute, on January 24, 1996.

Click Here to Download the Speech in PDF Format


America and China Today

Prepared Remarks of Senator Joseph Lieberman at the Economic Strategy Institute May 6, 1998 Click here to download the speech in PDF format

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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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Economic Strategy Institute

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