Wisconsin Public Radio

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.

(6/14/11) Prestowitz on Corporate vs. Economic Health

WASHINGTON, June 14 (UPI) -- The health of U.S. corporations has less to do with the health of the U.S. economy than ever before, recent data suggests.

The Commerce Department said the largest U.S. firms that do business abroad hired 2.4 million workers in other countries between 1999 and 2009. In the same decade, the same companies reduced their U.S. workforce by 2.9 million, The Washington Post reported Tuesday.

Economist Josh Bivens at the Economic Policy Institute noted, "In the last couple recoveries, and especially in this one, you've seen corporate profits improve and even reach their pre-recession levels much quicker than the labor market."

Click here to read the entire article at UPI.

Join our mailing list

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.

 

Contact us

Economic Strategy Institute

1730 Rhode Island Avenue, NW, Suite 414 |  Washington DC  |  20036
Ph (202) 213-7051  |  Fax (202) 965-1104  |  info@econstrat.org