Blog
I believe the most important thing Americans must do is to secure their economic well-being in an increasingly challenging, complex world. What I have written about all these years is the process of creating wealth, not for any one individual, but for the United States as a whole. Ever since I was a young correspondent witnessing the emergence of China after the country opened in 1979, I’ve believed we have to get more serious about creating wealth. I retain faith in the resiliency of the U.S. economy and the enterprise of American people. If Americans have the right strategies, we can once again create widespread wealth. Come with me on this journey.
The New York Times Take on Puerto Rico
February 10, 2014
I wish to congratulate the Times yet again. They are following closer and closer on my heels. I am beginning to feel the competitive pressure! Here they are, just after my previous blog on Puerto Rico: Economy and Crime Spur New Puerto Rican Exodus By LIZETTE ALVAREZ FEB. 8, 2014 Launch media viewer SIGNS OF […]
Anxiety Rising Over Relations Between Japan and China
January 27, 2014
I’d like to congratulate Andrew Ross Sorkin of The New York Times for breaking this story only 24 hours after I did. Unfortunately, he had to travel to Davos to figure it out, but I was able to do it from the comfort of my North American regional headquarters: January 27, 2014 Anxiety Rising Over […]
Earth to Apple: You Have a Problem in China
January 26, 2014
For several decades now, Apple and many other major manufacturers have assumed that a basic model of manufacturing in China would endure forever: the Chinese would allow virtually unlimited import of Japanese parts for assembly into products destined for both the Chinese market and the world. The Apple iPhone, according to one study, consists of […]
China-U.S. Relations, 35 Years Later
January 16, 2014
It was 35 years ago this month that the United States and China normalized relations. It was also 35 years ago this month that I arrived in Hong Kong as a correspondent for United Press International. I didn’t realize how impeccable my timing was. China has exploded economically, as many of us thought it would. […]
There Go The Idiot Economists Again
January 11, 2014
I think that when the history of this era is written, and future historians wonder why we Americans did not respond to our economic challenges, the conclusion will be that the entire economics profession failed. We are now five years into our economic crisis, which is half a decade. It’s not hard to imagine that […]
The Ignorance of the Economics Profession
January 6, 2014
The full ignorance of the economics profession was on full display this past weekend at the meetings of the American Economic Association in Philadelphia. According to the Wall Street Journal account, economists are so baffled about what is happening, or not happening, in the American economy that they gravitated to discussing the work of Alvin […]
