Clyde Prestowitz, Author of The Betrayal of American Prosperity
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Clyde Prestowitz, Author of The Betrayal of American Prosperity

The Smart Globalist Blog

The Betrayal Of American Prosperity

AMERICA IS NO LONGER THE WORLD’S MOST COMPETITIVE ECONOMY -

The United States is suffering an immense economic defeat as the balance of world economic power shifts to Asia. We need to shift our thinking to regain our edge.

GLOBALIZATION IS NOT ALWAYS WIN-WIN -

When U.S. trading partners undervalue their currency, as China has been doing, and U.S. companies move even more jobs overseas, globalization is most definitely a losing equation for the United States

THE MARKET DOESN’T ALWAYS WORK -

With the German, Japanese, Korean, and Chinese governments all subsidizing the development of windmills, solar panels, batteries, and other industries, leaving things to market forces in the United States will mean being left behind.