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home research anti-trust and competition policies country and area studies grid computing international trade manufacturing sector monetary and exchange rate policy technology telecommunications us economic policy the new ip and the internet of things the impact of ai and ml on the us economy publications policy briefs books speeches op-eds in the news interviews: press, radio & tv book reviews & citations search esi consulting who we are what we do articles and blogs clyde v. prestowitz stephen olson work products and case studies our clients and partners about us who we are what we think where we are going staff bios contact us go clyde v. prestowitz on globalization click here to read clyde prestowitz's blog in foreign policy magazine esi delivers successful trade training course at mekong institute in thailand click here to read more esi convenes seminar with china development institute on chinese financial reform click to read more 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. trade secrets how economists kept their doubts about globalization quiet, and ushered in trump. washington monthly , january 2018 clyde prestowitz t wo decades ago, the harvard political economist dani rodrik wrote a book, has globalization gone too far? , in which he argued that global trade was creating dangerous fissures in developed nations between the better educated, who prosper under the new regimes, and the less educated, who do not. if not addressed, he warned, these fissures could lead to “social disintegration.” as is customary, rodrik requested an endorsement for the book’s back cover from a well-known fellow economist. this person declined the request, not because of significant disagreement with the book’s analysis, but because he was worried that rodrik’s book might “provide ammunition for the barbarians”—that is, protectionists, mercantilists, and other enemies of free trade. read more ... the economic of how software is eating the world open networking summit 2017 april 3-6, 2017 - santa clara convention center robert b. cohen, ph.d senior fellow, economic strategy institute click here to download the full presentation this presentation makes five points: 1. software innovations have become central to business operations. obtaining high performance software, such as open source software, is nearly zero if a firm uses an online exchange such as github and has access to a permissive license. this speeds up software development and reduces its cost because firms can often avoid paying licensing costs. 2. software innovations are employed in such a wide range of industries that software should be a general-purpose technology. 3. software behaves unlike other products. it is part of a continuing development process with developers adding code as needed. this ongoing process can be seen in new internet-related software, such as linux, open source, and docker/containers. 4. the time it takes to complete software innovations is dropping sharply. 5. businesses take swift advantage of software innovations globalization doesn't make as much sense as it used to since its founding, america has swung from protectionism to free trade. what’s next? the atlantic , dec 12 clyde prestowitz a large number of american voters are tired of globalization—that much is clear. with donald trump calling for the abandonment of the north american free trade agreement (or, more commonly, nafta) and hillary clinton turning her back on the trans pacific partnership (tpp) free-trade agreement she herself had originally helped launch, both major-candidates abandoned what had come to be the standard pro-globalization position of those vying for the nation’s highest office. most economists and many think-tank researchers have bemoaned this development, insisting that globalization generally leaves most nations—and most people—better off. but a review of american economic history suggests that something fundamental has changed: increased globalization may make less sense now than it did in the recent past. in the earliest days of the united states, globalization and competitiveness were some of the biggest issues on its founders’ minds. adam smith’s the wealth of nationswas published in 1776, and the framers later debated smith’s arguments for deregulation, free markets, and open trade. thomas jefferson saw the united states as primarily an agricultural producer and spoke for the southern planters, who depended on foreign markets and who embraced smith’s notion of minimal government. alexander hamilton felt differently: aware of the mercantilism-fueled industrial revolution in the u.k. and the unprecedented wealth it created, he took the side of the nascent manufacturers of the northern colonies by calling for subsidies to support the development of technology and manufacturing industries, as well as high tariffs to protect them. read more ... trading up and down published in boston globe, march 22, 2016 for many years, american presidents of both parties have sold free trade deals by claiming they would create jobs, raise living standards, and strengthen national security. now most of the presidential candidates of both parties are saying these were bad deals that off-shored millions of jobs while capping wages for most americans and strengthening the country’s biggest challengers, like china. what gives? for starters, the united states runs an annual trade deficit of about $500 billion. the commerce department estimates that every $1 billion of exports creates 6,000 jobs. by extension, one might expect that every $1 billion of imports would eliminate 6,000 jobs. this is not entirely true, because imports of things like rare earth elements in which the united states is not self-sufficient actually create jobs rather than eliminating them. on the other hand, economists at mit and the economic policy institute in washington conclude that imports from china eliminated about 2.4 million us jobs between 1999 and 2011. read more ... america could be making more: another view published in usa today, march 27, 2016 donald trump is correct to raise the larger question. donald trump is mistaken to suggest that a president could easily force apple to make iphones in america by slapping tariffs on imports from china. but he is correct to raise the larger question of whether america could be manufacturing and exporting more than it does while importing less. the answer is yes. take intel’s investment in a microprocessor chip factory in china. a very large portion of the chips that power the world’s computers is made by intel in the united states. chip production is highly capital and technology intensive and not at all labor intensive, so cheap chinese labor is not a reason for producing there. in terms of production costs and quality, the u.s. is quite competitive. before intel’s facility in china started up, america had a large trade surplus with china in semiconductors largely due to the export of microprocessors. read more ... esi senior fellow robert cohen to speak at iot slam '16 case studies on how iot helps firms optimize their digital performance and how iot will have a large economic impact in the future using several case studies and quantitative analysis, this talk offers examples of how businesses are using iot to improve their performance and optimize digital operations. it also explores how moving to iot pushes

URL analysis for econstrat.org

http://www.econstrat.org/in-the-news/595-american-review-a-new-american-century
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http://www.econstrat.org/in-the-news/622-mcclatchy-japan-s-soaring-demand-for-cow-tongue-drives-u-s-exports
http://www.econstrat.org/in-the-news/book-reviews-citations/624-publishers-weekly-review-of-japan-restored-how-japan-can-reinvent-itself-and-why-this-is-important-for-america
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http://www.econstrat.org/in-the-news/book-reviews-citations
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http://www.econstrat.org/esi-consulting/articles-and-blogs/stephen-olson
http://www.econstrat.org/publications/speeches
http://www.econstrat.org/images/esi_research_reports_pdf/new-ip/software-eating-world.pdf
http://www.econstrat.org/esi-consulting
http://www.econstrat.org/in-the-news/633-japan-needs-to-seek-out-regional-allies-view-u-s-as-second-resort-says-head-of-think-tank
http://www.econstrat.org/publications/policy-briefs

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Domain Name: ECONSTRAT.ORG
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  REFERRER http://www.pir.org/

  REGISTRAR Public Interest Registry

SERVERS

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  ARGS econstrat.org

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DOMAIN

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OWNER

  ORGANIZATION Economic Strategy Institute

ADDRESS

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