Economic Strategist Clyde V. Prestowitz Jr. Discusses U.S. Financial Doctrines
April 11, 2011
by Victoria Groves
In his recent book, The Betrayal of American Prosperity: Free Market Delusions, America’s Decline and How We Must Compete in the Post-Dollar Era, Clyde V. Prestowitz, Jr., warns that the “U.S. is rapidly losing the basis of its wealth and power, as well as its freedom of action and independence.” In an April 7 visit to the Kennedy School, he expanded on the “false doctrines” the country’s government subscribes to in a talk as part of the Mossavar-Rahmani Center for Business & Government’s (M-RCBG’s) business and government seminar series.
Prestowitz, founder and President of the Economic Strategy Institute, served as counselor to the Secretary of Commerce in the Reagan Administration. He has served as vice chairman of the President’s Committee on Trade and Investment in the Pacific, sits on the Intel Policy Advisory Board and the U.S. Export-Import Bank Advisory Board. He also played key roles in achieving congressional passage of NAFTA and in shaping the final content of the Uruguay Round, as well as providing the intellectual basis for current U.S. trade policies toward Japan, China, and Korea.
Click here to read the entire article at the Harvard Kennedy School.