Unleashing the Second American Century

Download or read book Unleashing the Second American Century written by Joel Kurtzman and published by PublicAffairs. This book was released on 2014-02-25 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: "An optimistic, fact-based look at how four transformational forces-unrivaled manufacturing depth, soaring levels of creativity, massive new energy sources, gigantic amounts of capital available-will propel the U.S. to new economic heights In Unleashing the Second American Century, business expert Joel Kurtzman shows conclusively that all the talk about the relative decline of the United States is not only baseless-it's dead wrong. A widely-held misconception is that "America doesn't make things anymore." But the U.S is by far the world's dominant manufacturing power, and most of what we make is recession-proof. America also has a stunning level of talent and creativity in the world's fastest-growing economic sectors, such as biotech, pharmaceutical, computer hardware and software, and telecommunications. Due to shale and gas, America has the world's largest energy reserves, and is more favorably endowed than even the Middle East. Finally, America has an unprecedented amount of capital now idle-approximately $4.4 trillion, a sum that is about $1 trillion larger than the German economy, the world's fourth largest. As Kurtzman shows, when the business community fully grasps the opportunities in the U.S., prosperity will return-and much faster than we now think possible"--