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.

Book Reviews & Citations

(06/13/05) Three Billion New Capitalist reviewed in the Washington Post

Three Billion New Capitalist reviewed in the Washington Post
6/13/05 Wash. Post (Bus. Sec.)
2005 WLNR 9371577
Washington Post
Copyright 2005 The Washington Post
June 13, 2005
Readings: 'Three Billion New Capitalists'
By Steven Pearlstein

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'' (Basic Books), 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.

Join our mailing list

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.


Contact us

Economic Strategy Institute

1730 Rhode Island Avenue, NW, Suite 414 |  Washington DC  |  20036
Ph (202) 213-7051  |  Fax (202) 965-1104  |  info@econstrat.org