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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.

(12/1/12) Ominous chronicle of a decline foretold

Ominous chronicle of a decline foretold

Paul Monk

The Australian

December 01, 2012

BARACK Obama, having won re-election last month, declared "we still have work to do". Too right he does. Unfortunately, it seems unlikely that the US President's team will be able to make the policy adjustments required.

Disturbingly, the alternative touted by the Republicans appears just as unlikely to have worked. The structural problems into which the US has got itself require changes that, at present, are nowhere in sight on the American political horizon.

That, at least, is the verdict of several astute observers. In The Betrayal of American Prosperity (2010), veteran trade negotiator and economic analyst Clyde Prestowitz argues trenchantly that the US grew rich between 1790 and 1945 as a mercantilist state and has been running itself into the ground since 1945 by embracing free trade in the face of persistent mercantilism among its key competitors, especially in East Asia. His book, published here by Simon & Schuster, repays a close reading.

Click here to read the entire article at The Australian

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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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