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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.

(07/01/10) Washington Post Calls Betrayal of American Prosperity a "Persuasive New Book"

In recession battle, Germany and China are winners

By Harold Meyerson
Thursday, July 1, 2010

The Great Recession rolls on, but it's not too early to single out the major powers that have come through the wreckage in the best shape. They are the ones the other major nations implore for help -- to bail out weaker economies, to diminish their dominance of the world's production and start consuming more themselves. There are just two such nations: China and Germany.

Global unemployment might remain stratospheric, but in China, long-suppressed wages are finally increasing for millions of industrial workers. China's stimulus -- effectively the world's largest -- has funded bullet trains, airports and wind turbines. In Germany, unemployment has been running a point or two below ours, and exports remain high. Thanks to its favorable trade balance, Germany's finances are the strongest in Europe, which is why German monetary guarantees have been key to the future of both Greece and the euro.

Click Here to read the entire article in the Washington Post.

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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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