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.
Japan’s Strategy For Riding the China Dragon
May 9, 2018
As I reported seven years ago in this article for Chief Executive magazine, Japan has pursued a strategy of moving into very specialized niche products to stay ahead of China’s raw manufacturing capacity. Japan makes the highest technology components that go into much of China’s exports. It makes the sensors and gauges and batteries that […]
Why Trump’s Demand for $200 Billion Reduction in China’s Trade Surplus Is So Irrational
May 7, 2018
It’s taken many decades for the United States, China and other countries to create a global trading order in which American companies and companies from many other countries either manufacture in China for export to the United States, engage in joint ventures that export back to the U.S., or operate purchasing offices that source China-made […]
Many American tech companies in harm’s way if U.S.-China dispute blows up
May 1, 2018
Qualcomm and Apple have obvious problems in China. The Chinese government is holding up approval of Qualcomm’s purchase of another semiconductor maker, NXP Semiconductors. It has that power because 65 percent of Qualcomm’s sales are in China. As a result of delays in approving that purchase, Qualcomm is having to lay off workers in the […]
Good News on Reshoring
May 1, 2018
The Reshoring Initiative people are on top of their game and are the leading experts on job creation in America as a result of U.S. companies bringing jobs back or non-U.S. companies making investments. They show that that the United States created 171,000 jobs last year as a result of these trends. That’s great news. […]
Has President Trump Already Been Outmaneuvered on Korea?
April 30, 2018
An article of faith that has wisely guided American policy efforts regarding the Korean Peninsula is that the Americans need to remain in lockstep with the South Korean and Japanese governments, just as North Korea remains in sync with China and to some extent Russia. But even before Trump sits down with Kim Jong-un, presuming […]
Important Article on China’s New Colonialism
April 18, 2018
Chinese President Xi Jinping talks a lot about China going global and embracing mutually beneficial trade and investment ties with the world. But in practice, it appears that the Chinese are engaging in a form of colonialism that may be just as bad as, if not worse than, what European colonial powers did. This article […]
