Unleashing the Second American Century

Unleashing the Second American Century

Four Forces for Economic Dominance

Book - 2014
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"An optimistic, fact-based look at how four transformational forces-unrivaled manufacturing depth, soaring levels of creativity, massive new energy sources, gigantic amounts of capital available-will propel the U.S. to new economic heights In Unleashing the Second American Century, business expert Joel Kurtzman shows conclusively that all the talk about the relative decline of the United States is not only baseless-it's dead wrong. A widely-held misconception is that "America doesn't make things anymore." But the U.S is by far the world's dominant manufacturing power, and most of what we make is recession-proof. America also has a stunning level of talent and creativity in the world's fastest-growing economic sectors, such as biotech, pharmaceutical, computer hardware and software, and telecommunications. Due to shale and gas, America has the world's largest energy reserves, and is more favorably endowed than even the Middle East. Finally, America has an unprecedented amount of capital now idle-approximately $4.4 trillion, a sum that is about $1 trillion larger than the German economy, the world's fourth largest. As Kurtzman shows, when the business community fully grasps the opportunities in the U.S., prosperity will return-and much faster than we now think possible"-- Provided by publisher.
"The foundation of Joel Kurtzman's thesis - that we are heading into the second American century and the wind is at our back - is based on his years of analyzing and reporting on the economy, the markets, and business, and an unbiased understanding of our strengths and weaknesses. What's clear to him after painstakingly assessing our prospects, is that all the talk about the imminent collapse of the United States is not only baseless, it's dead wrong. We've all heard the arguments before. In fact, we've heard them for at least 100 years and they have always been wrongheaded and false. (Remember how Japan was going to overtake us?) Anyone who objectively looks across the world's economic horizon, knows the United States is strong. In many ways it is even insulated from all those economic troubles abroad - Europe's debt crisis and Asia's looming slowdown. He will be arguing that even with so much of the world ailing, America will grow stronger still - and significantly so. While America's problems are real, they are manageable and receding. This is not just one man's opinion but analysis based on numbers and trends. America is a wealthy, accomplished, dynamic country, and it is better positioned to shape the future than any other nation on earth. Part of the reason for this is due to the luck of geography and geology, but not all of it. Our strengths are immense. In our downwardly spiraling discussions about our fate, we have done the economic equivalent of mistaking weather for climate. There may be economic clouds in the sky today, and perhaps a few tomorrow, but the clouds are fleeting and the long-term outlook is bright. In fact, the farther out in time we look, the better it looks"-- Provided by publisher.
Publisher: New York : PublicAffairs, 2014
ISBN: 9781610393096
Characteristics: xxvi, 293 pages : illustrations, map ; 25 cm


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