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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.

(06/26/05) Clyde Prestowitz noted in the St. Paul Pioneer Press

(06/26/05) Clyde Prestowitz noted in the St. Paul Pioneer Press
Find diversity on the Web
St. Paul Pioneer Press (MN)
Copyright 2005 St. Paul Pioneer Press
June 26, 2005

Section: BUSINESS

Find diversity on the Web

Many supervisors have looked at their co-workers and thought, "I really think that we'd benefit from having a more diverse staff." But the next question for many is, "What's a good resource for finding strong minority candidates for our open positions?"

Many supervisors have looked at their co-workers and thought, "I really think that we'd benefit from having a more diverse staff." But the next question for many is, "What's a good resource for finding strong minority candidates for our open positions?"

The answer might be at www.workplacediversity.com, which acts as something of an online meeting place for those seeking diversity and those offering it. Plenty of assistance is available for employers who want to give more opportunities to people of color, women, veterans, disabled people or older workers. Meanwhile, potential applicants can post their resumes or learn more about prospective employers.

A number of valuable features are on the site, such as links to trade organizations designed to help minority professionals and collections of recent news stories about issues confronting them, such as racism, sexism, ageism and homophobia.

Exit Greenspan. Enter   who?

Most of the attention given to high-level White House appointments has been on the Supreme Court, but Bloomberg Markets (July) reminds us of another appointment that may be just as important in the long term: the next chairman of the Federal Reserve.

Chairman Alan Greenspan's 18-year stewardship of the economy comes to an end on Jan. 31, 2006.

The magazine cites three main contenders to be the next Fed chief: Harvard professor Martin Feldstein, Council of Economic Advisers Chairman Ben Bernanke and Columbia University business school dean R. Glenn Hubbard.

Filling Greenspan's shoes won't be easy, says the magazine. "Greenspan has steered the U.S. economy through two recessions while holding average annual inflation to 3.1 percent."

-- Cox Newspapers

MEETING THE CHALLENGE OF 'NEW CAPITALISTS'

Clyde Prestowitz (Basic Books)

Although often viewed as a Japan-bashing protectionist in the 1980s, Clyde Prestowitz was really an admirer of how Japan turned itself into an industrial power and what lessons Americans ought to learn from its success. Now, in "Three Billion New Capitalists," Prestowitz is sounding the alarm again, this time about China, India and the former Soviet bloc.

Like Thomas Friedman's "The World Is Flat," this book is chock-full of business anecdotes and macroeconomic data that highlight the real challenge these emerging capitalist societies pose. But Prestowitz is even better than Friedman in exposing the mindless arrogance of the current Washington consensus, which holds that just by having the most open markets, the lowest taxes and the least regulation, the United States will forever remain the most prosperous nation on earth. Some may quibble with the details of Prestowitz's competitiveness agenda and policies, but it is hard to disagree that we're badly disadvantaged for having no agenda and no policies at all.

-- Washington Post

THE IMPRESSIVE RETURN OF APPLE'S STEVE JOBS

Jeffrey S. Young and William L. Simon (Wiley)

True to his prediction, Apple chief executive and co-founder Steve Jobs returned to work a little more than a month after his surgery for pancreatic cancer in August 2004.

Jeffrey S. Young and William L. Simon, co-authors of "iCon Steve Jobs: The Greatest Second Act in the History of Business," describe the recuperating Jobs as exuding enthusiasm.

"The reason for Steve's returning to work so quickly after surgery became clear in a few months: Apple was building a collection of new products that was designed to play off the success of the iPod, chasing after an outlandish Stevian dream: to take back the computer business from Microsoft."

The authors point out that 11 years after being forced out of Apple, Jobs returned and rescued it from a downward spiral. "Yet there's one more battle he wants to win.   Like all the best fights, this one is personal. Steve Jobs is going to best Bill Gates. "

That prediction comes at the conclusion of one of the most captivating business biographies of recent years.

-- Knight Ridder News Service

EXECUTIVE READ

Who:Dan Knudsen, executive vice president, managing partner, the Lacek Group, Minneapolis.

What: "Worst to First" by Gordon Bethune.

Why: "When our firm began working with Continental Airlines' OnePass program, I was amazed at the positive culture and esprit de corps at Continental, and curious about the keys to the company's success. Gordon Bethune's chronicle of the turnaround at Continental gives answers that ring as true today as they did when the book was published in 1998.

"The book lays out the game plan Continental followed to lift itself from self-admitted last-place status to prominence as an industry leader. Bethune presents such nuggets as: 'Define success the way customers do.' 'You can't win forever unless you excel forever.' 'We simply need to stop doing the things that lose money, stop selling things that nobody wants to buy and quit telling people what they want to buy.' And this comment on funding the future, '  if there ain't no funds, there ain't going to be a future.'

"Gordon Bethune is a plain-spoken pragmatic CEO and former pilot. In this book, he offers lessons that everyone can enjoy and benefit from, no matter what business they're in."

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