The Betrayal of American Prosperity is the best book in its genre. Clyde Prestowitz masterfully and meticulously explained the reasons behind an ailing American economy.
The book opens with a theme – recurrent thereafter – that the American economy was in fact not as strong as many Americans believed it to be. Prestowitz captured this in page 139: «The American myth: American analysts often disparage Japan’s lost Decade, so I bet you’ll be surprised to learn that during the 1990s Japan’s 1.4 percent GDP per capita growth rate was only slightly less than America’s 1.6 percent.» […] keep reading
