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.

What We Think

As technology has shrunk time and distance over the past forty years, integration of the world's major markets into one global economy has proceeded at an increasingly rapid pace. This trend was greatly accelerated when the end of the Cold War opened virtually the entire world to the dynamism of capitalistic market forces.

Globalization is both necessary and desirable as rising costs of research and investment compel exploitation of worldwide markets and as nations realize that being left out means being left behind. But precisely because globalization is inevitable, the terms on which it is accomplished are of critical importance. Globalization based on fair and transparent rules, mutually open markets, equal treatment of investors regardless of nationality, and competitive business practices is different from globalization based on mercantilism, cartels, administrative guidance, and unchecked speculation.

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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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