Economist Forecasts a Century of Growth for U.S. Economy | Be Korea-savvy

Economist Forecasts a Century of Growth for U.S. Economy

BOSTON, April, 8, 2014 (Korea Bizwire)–The U.S. is on the verge of a period of unprecedented growth, writes  economist and author Joel Kurtzman in his latest book, Unleashing  the Second American Century: Four Forces for Economic Dominance.  Kurtzman directly challenges those who describes the U.S. as a declining  power.

“The facts are different from what people are saying in Washington. The  United States is the world’s greatest manufacturing power, and our  amazing creativity is propelling our economy forward. We have more than  $4 trillion in capital waiting to be invested, and massive energy  reserves,” said Kurtzman. “Our best days are yet to come.”

In his book, published by Public Affairs, Kurtzman describes four forces  which have been overlooked in the aftermath of the 2008 recession.  Drawing on years analyzing and reporting on the economy, markets, and  business, Kurtzman shows how these forces will provide the foundation  for prosperity.

Four forces:

  1. Soaring creativity —America’s stunning levels of talent and creativity  in the world’s fastest growing economic sectors consistently break new  ground. Not only have America’s great universities and companies  changed science and business, they changed world culture.
  2. Massive energy reserves —Advances in technology allow the US to tap  into its massive energy reserves. After years of being dependent on  other countries, America will soon be energy independent, exporting  energy to other countries. Imagine a future in which the energy wealth  of Russia or Saudi Arabia flows to our shores and is invested here.
  3. Gigantic amounts of capital —U.S. companies have built up assets worth  more than $4.4 trillion —an amount larger than Germany’s economy. That  money will be invested here.
  4. Unrivaled manufacturing depth —The idea that “America doesn’t make  anything anymore” is a myth. The U.S. is the world’s dominant  manufacturing power, especially in high tech goods like jet engines,  aircraft and in chemicals. Companies like BMW, Siemens and Toyota make  things here because of our resources and productivity.

Recent reviews:

“[Kurtzman] offers an upbeat, mouthwatering forecast…[his] overall  thesis is certainly plausible and makes for an intriguing and at times  very informative read.” —WALL  STREET JOURNAL

“If you want to feel good about America’s future, read Kurtzman.” —FINANCIAL  TIMES

“Fasten your seat belts. If Kurtzman…is right, the American economy is  fueled for an unprecedented takeoff into a new era of economic  growth…” —Kirkus

See Joel on:

NBC’s  Meet the Press Morning  Joe Fox  News Lou Dobbs Tonight

About Joel Kurtzman

Joel  Kurtzman is senior fellow at the Milken Institute, a member of the  editorial board of MIT Sloan Management Review, and a senior fellow at  the Wharton School’s SEI Center. He was the editor-in-chief of Harvard  Business Review, and a global partner at PricewaterhouseCoopers. Follow  him on Twitter @jkurtzman.

Source: The Kurtzman Group (via BusinessWire)


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