Unleashing the Second American Century: Four Forces for Economic Dominance
Finally, some good news about the U.S. domestic economy and its place in the global economy. Contrary to doomsday predictions, the U.S. is poised for a second era of economic and political dominance on the world stage, argues economist Kurtzman. The reasons for his optimism: the high level of creativity and innovation in the U.S., massive new energy reserves that will make the U.S. energy independent, huge amounts of capital ($4.4 trillion) on hold since the recession and waiting to be invested, and unrivaled manufacturing strength. This book is chock-full of statistics but has a lively narrative that makes the data highly accessible. In addition, Kurtzman takes reader on a tour of some of the most vibrant sectors of the U.S. economy, starting with Cambridge, Massachusetts, which has impressive research facilities in biotech, telecommunications, and pharmaceuticals. He goes on to detail innovations in the energy sector and promises of a recharged manufacturing sector focused on recession-proof arenas such as software, jetliners, and food. This is a thoughtful, well-researched book, but it’s the good news that makes it such good reading. --Vanessa Bush