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Who Owns the Twenty-First Century?
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By Lester C. Thurow
Spring 1992
Reprint 3331
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Volume 33, Number 3, pages 5-17, 13 pages
Primary Topic: Leadership
Secondary Topic: Business Ethics and Public Policy
SummaryThe fall of the Berlin Wall in November of 1989 marked the end of the old contest between capitalism and communism; the integration of the European Common Market on 1 January 1993 will mark the beginning of a new economic contest. At that moment, for the first time in more than a century, the United States will become the second largest economy in the world. Japan, Europe, the United States -- who will own the twenty-first century? This article is adapted from Thurow's book, "Head to Head: Coming Economic Battles among Japan, Europe, and America" (William Morrow, 1992). |
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