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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.

(6/28/12) An Economic Fix: Fewer Imports

The Washington Post June 28, 2012 In his June 25 op-ed column, "Why the economy flounders," Robert J. Samuelson's otherwise insightful analysis of the simultaneous failure of the economic models of the United States, China and Europe was seriously flawed by the omission of an important potential remedy. Mr. Samuelson said that the U.S. consumption model can be replaced by higher exports, more business investment and/or higher government spending. In fact, fewer imports are what is needed.More exports are useless in the face of more rapidly rising imports. Fewer imports would stimulate business investment and obviate the need for more government spending. Clyde Prestowitz, Potomac The writer, president of the Economic Strategy Institute, served as a counselor to the commerce secretary in the Reagan administration and as vice chairman of President Clinton's Commission on Trade and Investment in the Asia-Pacific Region.

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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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Economic Strategy Institute

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Ph (202) 213-7051  |  Fax (202) 965-1104  |  info@econstrat.org