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Unleashing the Second American Century - Four Forces for Economic Dominance (Hardcover)
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Unleashing the Second American Century - Four Forces for Economic Dominance (Hardcover)
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Political gridlock in Washington... the lingering effects of the
financial crisis... structural problems such as unemployment and
the skills gap of our work force... the mediocre K-12 educational
system. Are our best days behind us?
Joel Kurtzman persuasively shows why all the talk about America's
decline is not only baseless but dead wrong. Our best days, are, in
fact, ahead of us.
Four transformational forces--unrivaled manufacturing depth,
soaring levels of creativity, massive new energy sources, and
gigantic amounts of capital waiting to be invested--have been
gathering steam. When combined they will provide the foundation for
a much stronger economy, robust growth, and broad-based prosperity
that will propel the United States to new heights.
One endlessly repeated anxiety is that "we don't make anything
here, anymore." The reality, though, is that the US is the world's
dominant manufacturing power--and growing. American companies
produce 20 percent of the world's goods in the US and perhaps
another 15 to 20 percent outside our country. And much of what we
make is recession-proof--such as software, jetliners, medical
devices, pharmaceuticals, chemicals, and food.
Kurtzman reveals the stories of the unsung heroes who are the
creative force leading the second American century, describing the
payoff of the investment in our best minds. American companies have
stunning levels of talent and creativity at work in the world's
fastest growing economic sectors--biotech, pharmaceuticals,
computer hardware and software, telecommunications, advanced
manufacturing, materials science, and aeronautical and space
engineering. In these fields, Americans are without peer and
consistently break new ground.
We are coming to the realization that America is no longer beholden
to the despots of foreign energy. Thanks to advances in technology
developed in the US, we now have among the world's largest energy
reserves, and are richer in energy resources than Saudi Arabia and
second only to Russia.
These three strengths--manufacturing, soaring levels of creativity,
and energy independence--will be magnified and synergistically
combined with the unprecedented amount of capital that now lies
idle. US companies of all types are hoarding cash and securities
worth more than $4 trillion--an amount larger than the world's
fourth largest economy, Germany. When the money starts flowing and
is invested, it will rapidly propel every part of the economy
forward.
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