Clyde Prestowitz
Clyde Prestowitz (born 1941) is the founder and President of the Economic Strategy Institute. He formerly served as counselor to the Secretary of Commerce in the Reagan Administration. He is a labor economist. Prestowitz has written for Foreign Affairs. Early life and education Prestowitz was born to a family with a conservative Republican and evangelical Christian background and earned a B.A. with honors from Swarthmore College; an M.A. in East-West Policies and Economics from the East-West Center of the University of Hawaii; and an M.B.A. from the Wharton School of the University of Pennsylvania, Wharton School of the University of Pennsylvania. Books & articles * ''Our Incoherent China Policy: The proposed Trans-Pacific Partnership is bad economics, and even worse as containment of China.'' American Prospect Fall 2015 * ''Could Germany save eurozone by leaving it?'' CNN May 30, 2012 * ''The Betrayal of American Prosperity: Free Market Delusions, America's Decline, and How W ...
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Economic Strategy Institute
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howeve ...
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