The Big Squeeze

Steven Greenhouse, The Big Squeeze: Tough Times for the American Worker, (New York, NY: Alfred A. Knopf, 2008). 303 pages, notes, bibliography. $25.95 USASome years ago I was talking with someone who worked for a large international corporation that did business all over the world. He named several countries as very troublesome, but mentioned one in particular, whose name shall remain anonymous, where making a phone call outside the country required walking across the street to another building to pay a bribe to an official in the phone exchange.I...

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Three Billion Capitalists

Clyde Prestowitz, Three Billion New Capitalists: the Great Shift of Wealth and Power to the East, (New York: Basic Books, 2005). 278 pagesThree Billion New Capitalists tells the story of three billion new entrants into the global economy. The new entrants work mostly from China, India, Japan, Korea, and places that were formerly isolated, socialist strongholds that refused to open their economies and to trade. Not that many years ago it was Japanese cars and Japanese cameras that introduced Americans to imports and foreign trade. The introductory...

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