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Holstein Book Launch: The Next American Economy

Tuesday, May 17, 2011 - 6:00pm

Holstein Book Launch: The Next American Economy

Overseas Press Club and World Policy Institute present a book launch and discussion: William Holstein, The Next American Economy.

Tuesday, May 17, 2011 - 6:00pm

Overseas Press Club
40 West 45th Street
New York, New York

This event is free and open to the public. Please RSVP to events@worldpolicy.org or to 212.481.5005 Option 2

Bill Holstein covered China's early modernization efforts in the late 1970s as a correspondent for United Press International and has been deeply involved in coverage of Japan and South Korea as well. China is now the world's second largest economy, followed closely by Japan.

In his book, Holstein argues that Americans as a whole have largely failed to launch a competitive response to the emergence of the Asian powerhouses, recently joined by India. Now that the financial bubble that propped up housing prices has popped, the United States has no
choice but to finally come to grips with raising its technological level. The key is to harness the innovative ideas in America's universities and research institutes to create industries and jobs in the U.S., rather than allowing them to be siphoned to Asia.

"We have largely lost the power to persuade China or Japan to fundamentally alter their economic expansion strategies in the world," Holstein says. "We tried with Japan and eventually gave up. Now there is a debate about how to force China to raise the value of its currency, but that is just a pale imitation of the Japan debate. And it can't work."

The key to the American response must be in making America's key institutions -- universities, governments, community colleges, large businesses and small businesses -- function more cohesively in what Holstein calls a "smarter brand of American capitalism." He adds: "If
we adapt our model, we can remain ahead of China's emergence. It is not pre-ordained that America gets blown away in the Asian century."

In this book night, former OPC President Bill Holstein will speak on his latest book, The Next American Economy: Blueprint For a Real Recovery. The interlocutor will be Michael Moran, Vice President and Executive Editor of Roubini Global Economics.

The publisher is Bloomsbury/Walker. It is Holstein's fourth
commercially available book and follows Why GM Matters: Inside The Race to Transform an American Icon, which was published in 2009.

Related Readings:

About the Speakers:

Award-winning editor, author and journalist, William Holstein has spent 30 years specializing in global business issues that affect chief executive officers and boards of directors as well as individual Americans. Areas of interest include innovation, organizational transformation, competitiveness and governance. His
books have been published in Japanese, Chinese, Portugese and Danish.

Michael Moran is vice president and executive editor of Roubini Global Economics and RGE's senior expert on geostrategic and political risk. From 2005-2009, Michael served as executive editor of CFR.org, the Council on Foreign Relations website, radically overhauling its content strategy. He served as Hearst New Media Fellow at the Columbia University Graduate School of Journalism in
2003, and has taught a class on international affairs at Bard College in New York since 2004.

About the Sponsors

The World Policy Institute engages fresh ideas and new voices from around the world to address critical shared challenges. We provide a forum for solution-focused policy analysis and public debate toward an inclusive and sustainable global market economy, effective and fair governance, and collaborative approaches
to security.

The Overseas Press Club of America was founded in 1939 in New York by a group of foreign correspondents. The OPC seeks to maintain an international association of journalists working in the United States and abroad; to encourage the highest standards of professional
integrity and skill in the reporting of news; to help educate a new generation of journalists; to contribute to the freedom and independence of journalists and the press throughout the world, and to work toward better communication and understanding among people.

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