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Head to Head: The Coming Economic Battle Among Japan, Europe and America ebook

by lester-thurow


FREE shipping on qualifying offers. A renowned business leader predicts that economic strength will determine the next world leader, and he outlines a long-term plan for American success. By the author of The Zero-Sum Society.

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Head to Head is a great example of one way books are superior to TV and Internet postings: they stay around for us to learn . When Lester Thurow was writing his book in 1991-1992, the .

Head to Head is a great example of one way books are superior to TV and Internet postings: they stay around for us to learn from the errors made by people TV personalities identify as "experts. was in the midst of what we know now was a mild and short-lived recession.

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Head to Head is full of surprises; one attribute of the new competition is that radical new skills and radical new ways . Thurow discusses the futures of the three major players in the battle for economic supremacy in the 21st century.

Head to Head is full of surprises; one attribute of the new competition is that radical new skills and radical new ways of thinking are vital to success. For example: Competition and Cooperation. In the 1990s, there will be no clear winners, but losers might be destroyed. Savings, investment, and education will determine who builds the next world-class.

Head to head: the coming economic battle among Japan, Europe, and America. Booknotes interview with Thurow on Head to Head: The Coming Economic Battle Among Japan, Europe, and America, May 31, 1992. ISBN 978-0-688-11150-2. The Economic Policy Institute. Thurow New York Times Piece On Rate of Chinese Economic Growth (August 19, 2007). CFO Magazine – Interview. The Globalist – Short Biography.

Includes bibliographical references and index. With the dismantling of the Berlin Wall in 1989 and the implosion of the USSR in 1991, the Cold War era has ended. Immediately, a new economic struggle begins. And for the first time, the United States is the second largest economy in the world. As the domestic economy stagnates and the deficit financing of the federal government escalates, many Americans see themselves at a turning point.

a book by Lester C. Thurow. Teams versus Individuals. Even though his book purports to be about the 21st century economic battle among Japan, Europe and America, its subtext is about what has always been a main theme for Thurow: win-win versus win-lose.

Mobile version (beta). Head to Head: The Economic Battle Among Japan, Europe, and America. Download (pdf, . 2 Mb) Donate Read. Epub FB2 mobi txt RTF. Converted file can differ from the original. If possible, download the file in its original format.

Free unfettered markets had a habit of discovering very profitable but nonproductive activities.

Management Lester Thurow deftly explores how head-to-head competition - not military might - amon. The classic text on the post-Cold War economic battle.

Starting with the fall of communism, influential economist and former dean of MIT's Sloan School of Management Lester Thurow deftly explores how head-to-head competition - not military might - amon. Starting with the fall of communism, influential economist and former dean of MIT's Sloan School of Management Lester Thurow deftly explores how head-to-head competition - not military might - among Japan, the United States, and the newly united European countries would produce the next world leader. As Thurow explains, in the 1990s the race for economic supremacy was only just beginning.

336p white paperback with illustrated cover, pages clean with footnotes, index, very good
Brakree
Thurow presented 3 lists in "Table6.1 The Richest Countries Per Capital in 1870 and 1988." He intended to show that it is difficult for a country to get rich. He was right. But the date he provided in the book also suggests something contrary to commonly held belief concerning the relationship between Western democracy and prosperity.

1. The richest countries in 1988 based on internal purchasing power in descending order:
United Arab Emirates, United States, Canada, Switzerland, Norway, Luxembourg, Australia, Iceland, Kuwait, Sweden, West Germany, Finland, Japan, France, Denmark, United Kingdom, Italy, Belgium, Netherlands, Austria.

2. The richest countries in 1988 based on external purchasing power in descending order are:
Switzerland, Iceland, Japan, Norway, Finland, Sweden, Denmark, United States, West Germany, Canada, Luxembourg, France, Austria, United Arab Emirates, Netherlands, Belgium, United Kingdom, Italy, Australia, New Zealand.

Judging from the above two lists, one is not difficult to reach the conclusion that democracy is correlated with prosperity. But then a light bulb went up. First of all, correlation is not causation. More important, one can also look at a similar list concerning the relative wealth of the countries at 1870.

3. The richest countries in 1870 in descending order are:
Australia, United Kingdom, Belgium, Switzerland, Netherlands, United States, New Zealand, Denmark, Canada, France, Argentina, Austria, Italy, Germany, Spain, Norway, Ireland, Portgual, Sweden, Chile

Compare the 1870 list with the 1988 lists, it is obvious that many rich countries in 1988 were already rich in 1870. Many of the rich countries are democracies in 1988. Were they equally democratic in 1870?

At 1870, Ireland, Australia,were still part of the United Kingdom. NewZealand's was declared a British dominion at 1907. Canada was independent in 1867, so its properity was not the results of democracy.

Napolean III of the Second France Empire had lost the Frano-Prussian war, the Third Republic was newly established.

How about Austria? Seems Austrians had a low opinion on democracy. ""When Paris sneeze," commented the Austrian Chancellor, Metternich, "Europe catches Cold." French-style democracy was a menance threatening monarch, Church, and property - the pillars of every thing he stood for." (EUROPE by Norman Davies)

In short, not many list 3 countries above were real democracies. Indeed, no European countries in list 3 allowed universal male suffrage in 1870 with Switzerland the only exception.

Again, correlation between democratic coutry and prosperous country is not causation. Many countries are rich today because they were already rich 100+ years ago.
Kirimath
Taking a snapshot of the economic world of the early 1990's, Thurow made predictions that turned out to be as accurate as George W. Bush's Iraqi Intelligence estimates. Looking through a perspective of three economic superpowers dueling it out, namely the U.S., Japan and Germany, Thurow did not predict the rise of many other nations economically, as well as Japan's struggles during the 1990's.

Thurow put too much empasis on Japan's supposed strengths, including an active national banking policy as a means of promoting exports and job growth. Nowhere in Thurow's analysis is there a place for the rise of Chinese capitalism in a totalitarian state. The dynamics have changed dramatically since Thurow put together this book, which at the time, I would have given four to five stars for.

Economists have a tough job. They put their predictions on paper. We rarely hold a weatherman accountable for missing the high temperature by 5-10 degrees, but in this case, you have to atleast acknowledge that the author missed the green and ended up in a sand trap.
Survivors
This book is racy reading , and is made of the stuff non-fiction bestsellers are sometimes made of - a lack of intellectual rigour combined with a hypothesis that appeals to the general public. Tell the world that countries are like corporations , and that America and Japan (or any two countries) are engaged in a competitive game similar to that between Coca Cola and Pepsi - and there is a likelihood that a lot of heads will nod in supposed understanding.
No mention is made of the fact that international trade is NOT a zero-sum game , and that exchange based on comparative advantage will lead to a win-win situation for both countries involved. Instead the book harps on the assumption that somehow at the end of the game there will be winners and losers. In fact, it asserts that a united Europe will be the winner among the US , Japan and Europe. That prediction does not look like being borne out anytime soon , and Japan is languishing in a decade long mild recession - even though Japan did follow a policy of preferentially promoting "strategic" sectors , similar to what the book suggests.
The book's assertion that there are some high value-added sectors that ought to be promoted have been demolished by more careful analyses - notably by Paul Krugman's articles in Foreign Affairs ( March/April 1994) . These analyses show that productivity growth , rather than victory or defeat in some supposed economic Olympics , is the primary causal factor behind continued growth or stagnation.
Someone (I think Jagdish Bhagwati , but not sure) said in response to the assertion that it is better to produce semiconductor chips than potato chips ---- that you can produce sophisticated semicon chips, export them and import potato chips, lie in front of the TV all day long eating potato chips, and become a society of morons. On the other hand, you can produce potato chips , export it and import semiconductor chips, and use them to improve education. The hollowness of a lot of assertions in this Thurow book can be demolished by this silly-sounding but relevant quote.
The doctor's prescription is as follows - if you read this book , read some effective antidotes (like the Krugman articles) - otherwise you may be condemned to a view of the world that is siren-like in its appeal , but lacks even a modicum of truth.
Head to Head: The Coming Economic Battle Among Japan, Europe and America ebook
Author:
lester-thurow
Category:
International
Subcat:
EPUB size:
1808 kb
FB2 size:
1983 kb
DJVU size:
1274 kb
Language:
Publisher:
Nicholas Brealey Publishing; New Ed edition (1994)
Pages:
336 pages
Rating:
4.9
Other formats:
lrf lit azw rtf
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