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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.

(04/26/10) Betrayal of American Prosperity Reviewed by Booklist

Issue: May 1, 2010

The Betrayal of American Prosperity: Free Market Delusions, America's Decline, and How We Must Compete in the Post-Dollar Era.

Prestowitz, Clyde (Author)

May 2010. 288 p. Free Press, hardcover, $26.00.

Has the economic vitality of the U.S. eroded so much that it cannot compete effectively against China,India, and other fast-growing economies? Prestowitz, consultant and former U.S. trade negotiator, thinks so, and he explains why in this challenging description of America?s fall from world leadership. Included among his reasons are the decline of the dollar, which has been the world?s main currency for carrying out international transactions; the ?decisive shift in the global balance of power?away from the United States and toward East Asia and Europe . . . Brazil, India, Russia and Saudi Arabia?; and the scores of products and technologies against which the U.S. cannot compete. Prestowitz offers suggestions for restoring competitiveness, including instituting tax reform to increase government revenue; substantially revaluing ? a number of managed currencies versus the dollar and the euro over the next two to three years?; and reforming the World Trade Organization. All will not agree with the author, but his arguments are compelling.

? Mary Whaley

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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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