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56th Program Year - Tenth Meeting

May 24, 2005

Albuquerque Petroleum Club

The Coming Crisis of Globalization and How to Survive?

Clyde Prestowitz

Clyde Prestowitz is founder and President of the Economic Strategy Institute, a Washington think-tank influential in the areas of international trade policy and specialized in the effects of globalization. He regularly writes for leading publications, including the New York Times, Washington Post, and Foreign Affairs. He is the author of several best-selling books, and has just recently published Three Billion New Capitalists, on the economic rise of Asia and the upcoming rebalancing of the world economic order. Clyde Prestowitz served as counselor to the Secretary of Commerce in the Reagan Administration, and has served as vice chairman of the President's Committee on Trade and Investment in the Pacific. He is a member of the advisory board of Intel Corp. Mr. Prestowitz has a B.A. with honors from Swarthmore College; an M.A. in East-West Policies and Economics from the East-West Center of the University of Hawaii; and an M.B.A. from the Wharton Graduate School of Business. He also studied at Keio University in Tokyo. He is fluent in Japanese, Dutch, German, and French. Mr. Prestowitz will discuss American economic dominance of the world, long taken for granted and believed by many in Washington to be unshakeable. A handful of powerful trends are converging to shift wealth and power to Asia and away from the West. Historic changes in the global economy are already reversing the six-hundred-year flow to the West of the world's riches.