Recommended Reading

Second_American_Century_largeUnleashing the Second American Century – About the Book

An optimistic, fact-based look at how four transformational forces—unrivaled manufacturing depth, soaring levels of creativity, massive new energy sources, gigantic amounts of capital available—will propel the U.S. to new economic heights.

In Unleashing the Second American Century, business expert Joel Kurtzman shows conclusively that all the talk about the relative decline of the United States is not only baseless—it’s dead wrong.

A widely-held misconception is that “America doesn’t make things anymore.” But the U.S is by far the world’s dominant manufacturing power, and most of what we make is recession-proof. America also has a stunning level of talent and creativity in the world’s fastest-growing economic sectors, such as biotech, pharmaceutical, computer hardware and software, and telecommunications. Due to shale and gas, America has the world’s largest energy reserves, and is more favorably endowed than even the Middle East. Finally, America has an unprecedented amount of capital now idle—approximately $4.4 trillion, a sum that is about $1 trillion larger than the German economy, the world’s fourth largest.

As Kurtzman shows, when the business community fully grasps the opportunities in the U.S., prosperity will return—and much faster than we now think possible.

Praise for 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, Booklist