This book is the result of 30 years of studying how wealth is created. Holstein has criss-crossed the globe, from China to America's industrial heartland, to witness how nations, states and localities create innovation and jobs. The Next American Economy: Blueprint for a Real Recovery includes nine case studies of Boston, Pittsburgh, Orlando, San Diego, Corning, N.Y., Austin, the state of North Carolina, Atlanta and Cleveland. Holstein uses those case studies to offer pragmatic insights to governments, businesses, universities and community colleges and others on how to overcome America's economic difficulties and launch a new wave of innovation.
It is rare to find a book about America’s economic future with the right combination of reporting and analysis, historical perspective and future recommendation, emphasis on individual enterprise and awareness of public policy, and — most significant of all — both realistic warnings and practical optimism. It is no surprise that William Holstein, with his long experience in international business reporting, would pull off this combination, but it is impressive to see how well he has done it.
--James Fallows, National Correspondent, The Atlantic, Washington, D.C.
The writing is fresh and engaging. Chapters one through nine contain the kind of can-do accounts which have been in short supply for several years, especially since the onset of the Great Recession. Contrary to popular belief, the BRIC nations are not foreordained to surpass the United States. Many American clusters -- companies and regions -- are still world beaters, and William Holstein gives a gripping account of their success as industrial innovators and manufacturing stars. He draws on ground-up experience to suggest a provocative menu of public and corporate policies that would reshape the American economy in a hopeful direction for the 21st century.” —Gary Clyde Hufbauer, Reginald Jones Senior Fellow, Peterson Institute for International Economics, Washington, D.C.
William Holstein has produced a highly compelling manifesto for the resurgence of the U.S. economy. Going beyond the sterile debates over spending and taxes, and beyond the usual handwringing about political paralysis in Washington, "The Next American Economy" describes some of the great success stories being played out in the country right now and explains how we can build on them to become competitive and produce the high skill, high wage jobs we so desperately need. This book should be required reading for the Obama administration, the Congress, governors and mayors, CEOs and everyone else who cares deeply about the country's future.
—Jeffrey E. Garten, Juan Trippe professor of international trade, finance and business, Yale School of Management, and former undersecretary of commerce for international trade, 1993-1995. New Haven, Conn.
Bill Holstein's extraordinary new book is just what America needs to regain its competitive edge. With brilliant examples, he shows what it takes for America to win in global markets in the 21st century.
—Bill George, professor, Harvard Business School (Boston) and former Chairman & CEO of Medtronic.