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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.

Technology


Technological advances have long been the wellspring of American wealth and long-term economic growth. From even before the founding of the Republic, American scientists, engineers and entrepreneurs have constantly pushed forward the boundaries of technology, creating whole new industries and providing products and services that vastly improve our standard of living. The United States Constitution mandated the establishment of the world's first Patent Office, and ever since then America has been unique in its focus on the development and application of new technology as the prime driver of economic growth and productivity.

Getting Online

Click Here to Download the Report in PDF Format

Should Internet access be subject to similar access charges assessed long distance calls? This perennial question is gaining critical mass as new technologies, new services, and new users go online. While there is evidence that the current system is not sustainable in the long-term, there is a short-term interest in maintaining the exemption.

Internet policies (or policies impacting the underlying infrastructure of the Internet) should be evaluated on three criteria: How will the policy affect online users and usage?; How will the policy impact the ability of online "Internet Industries" and services to develop and grow?; and How will the policy affect the overall economy that increasingly relies heavily on the Internet for growth? 

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The Networked Economy

Click Here to Download the Full Report in PDF Format

The Internet and associated networking technologies stand to touch nearly every aspect of America's social, economic, and corporate life. In fact, some intriguing data on manufacturing productivity, inflation, corporate profits, and inventory-to-sales ratios suggest that networking technologies are contributing something radically new to the US economy.

For that reason the Economic Strategy Institute conducted a series of extensive on-site visits with five major American corporations in order to investigate how they are using, and being affected by, networking technologies. This study reports the findings from those visits.

 

Report of the ESI Summit on Broadband and I.T. Policy

Click Here to Download the Report in PDF Format.

The unprecedented growth of the U.S. and global economies during the decade of the 1990s was largely driven by investment in Information Technologies and the impact of those technologies on the overall economy. In the United States during this period, investment as a percentage of GDP rose by over three percentage points; and two-thirds of this increase was in Information Technology. As this investment drove the annual rate of economic growth to over five percent, it also resulted in a near doubling of the all important rate of U.S. productivity growth. Indeed, the impact of Information Technology activity was so great that people began to speak of the Information Technology Industries, and particularly of the Internet, as a New Economy that would fundamentally transform business, society, and politics. In the global arena, the U.S. performance was so powerful that it lifted Asia out of its financial crisis in record time and sustained strong world economic growth despite sluggishness in Europe, contraction in Japan, and uncertainty in Latin America. In fact, former Treasury Secretary Larry Summers was on the mark when he described the world economy as being like an airplane flying on one engine - the United States.

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ITA 2 - The Case for I.T. Liberalization

Click Here to Download the Report in PDF Format

In December 1996, representatives from twenty-eight countries announced an agreement to eliminate tariffs on specified information technology products by the year 2000. However, the momentum toward an expanded Information Technology Agreement (ITA-2) has slowed considerably. Negotiations seem destined to go the way of the early, voluntary sectoral liberalization process, which stalled and was rolled up into the upcoming multilateral round of negotiations.

When the first ITA was negotiated, the vast potential of information technology was largely an article of faith. There was little data to buttress the claim that free trade in IT products and services is an important enabler of technological diffusion and economic progress. Despite the lack of proof, negotiators took the plunge anyway. Today, there is a growing body of evidence that the production and use of IT goods and services can have outsized economic benefits and that market opening in the IT sector can help countries obtain these benefits more quickly.

Armed with these facts, negotiators from the world's IT producers have all the information they need to do the right thing: commit themselves to reinvigorating the ITA process and completing an agreement before the Seattle WTO ministerial meeting begins in November.

 

Information Technologies Trends and Challenges: A Venture Capital Forum

Clyde Prestowitz leads a panel discussion at the Economic Strategy Institute on the relationship between venture capital and information technology industries. The panel includes Mike Swetnam, President of the Potomac Institute for Policy Studies; Dr. Mel Ciment, Director of Information Technologies, Potomac Institute for Policy Studies; Dr. Bill Mularie, Director of the Information Systems Office at DARPA; Mr. Gary Smaby, President of the Smaby Group; Mr. Steven Wallach, Advisor, CenterPoint Ventures; and Dr. Allan Mendelowitz, Vice President of the Economic Strategy Institute.

Click Here to Download the Transcript of the Forum in PDF Format

 

The Road to Shangri-La: Is Technology Creating the New Economy?

Presentation by Stephen Case, Chairman and Chief Executive Officer of America Online, at the Economic Strategy Institute, May 5, 1998.

Click Here to Download the Presentation in PDF Format

 

The Opportunities and Hazards of Agricultural Biotechnology

Click Here to Download the Full Report in PDF Format

Protests against agricultural biotechnology have increased in recent years. While the battleground may be new, the warring sides are familiar opponents - with industry in one corner and environmentalists in the other - and they seem to find few points of agreement. To hear environmental activists tell it, the so-called "frankenfoods" threaten not only the health of humans, but also the planet's fragile ecosystems. To hear industry tell it, biotechnology is proven safe; it promises to reduce chemical use and provide cheaper, healthier, and more flavorful products to consumers; and it will also serve to vanquish global hunger. Put in much simpler terms, the recurring debate may be characterized like this: the industry keeps claiming that the bath water is clean, while activists continue to insist on throwing out the baby with the bath water. The purpose of this paper is to sort out and evaluate the competing claims.

 

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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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