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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.

(04/29/10) Prestowitz in the Huffington Post

America Needs a New Globalization Game

Clyde Prestowitz

Huffington Post, April 29, 2010

If you want to know what's wrong with America and why record numbers of Americans are telling the pollsters that they're fed up, just take a look at how we trade with China. Our major import is nearly $50 billion of computer equipment while our major export is about $8 billion of waste paper and scrap metal. Yes, that's right. We're swapping garbage for computers with China -- and lots of other countries as well.

Our trade has taken that shape because we have gutted the foundations of American prosperity as a result of our embrace of laissez faire globalization and our dogged allegiance to the flawed notion that free trade -- even when it is unilateral -- is always a win-win. The truth is that free trade is not always win-win and globalization is not working out at all as expected. Nor is it presently working at all in America's favor. How are the 10 million Americans now out of a job and those who lost their retirement investments going to recover if the US economy continues down the ruinous path it has been following for the past thirty years?

Click Here to read the entire article at the Huffington Post.

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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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