Finance, Forex and Investments

Prestowitz implies that the U.S. has allowed the global economy to shift toward India and China simply by not?

Prestowitz implies that the U.S. has allowed the global economy to shift toward India and China simply by not taking a proactive stance. He maintains that the U.S. must establish a new international economic policy, one that focuses on winning in the new economy. Do you agree? do you think this will be an issue in the American election?

Public Comments

1. It is hard to imagine how the US could prevent such large, dynamic economies from taking an important role in the world economy. They represent more than 2 billion people -- more than 1/4 of the world's population! The US can never compete directly with these countries. Their wages are just too low. Instead, we need to stay smart and invest in education and technology -- our comparative advantage in a global economy.