In this episode, I engage in a fascinating discussion with Tom Duesterberg, Senior Fellow at the Hudson Institute, on evolving shifts in the global trading order and their implications for U.S. manufacturing interests. Bringing the combined perspective of an historian, a policy researcher and a policymaker, Dr. Duesterberg agrees that demographic shifts as well as changes in manufacturing production processes and the increasing size and complexity of global manufacturing supply chains are affecting both the economics and the politics of trade. The second part of the interview touched upon issues with specific countries, notably China, Japan, and India.
Thomas J. Duesterberg is a senior fellow at Hudson Institute. Previously, Dr. Duesterberg was executive director of the Manufacturing and Society in the 21st Century Program at the Aspen Institute. From 1999 to 2011 he served as president and CEO of the Manufacturers Alliance/MAPI, an economic research and executive education organization based in Virginia. He was also director of the Washington office of Hudson Institute, assistant secretary for international economic policy at the US Department of Commerce, chief of staff to Rep. Chris Cox and Senator Dan Quayle, and associate instructor at Stanford University. He co-wrote U.S. Manufacturing: The Engine of Growth in a Global Economy and three other books, and is the author of over 150 articles in journals and major newspapers. He is on the Board of Advisors of the Manufacturing Public Policy Initiative at Indiana University’s School of Public and Environmental Affairs. He is a graduate of Princeton University (B.A.) and Indiana University (M.A., Ph.D.).
Cliff Waldman is the CEO of New World Economics, a research and consulting firm in Arlington, VA, that specializes in contract research in the areas of manufacturing, small business, and frontier markets. Prior to founding New World Economics, Cliff was Chief Economist at the Manufacturers Alliance for Productivity and Innovation (MAPI), a trade and research firm for U.S. manufacturers. While at MAPI, he won three national research awards for his published work on manufacturing productivity, innovation, and demographics. Cliff’s career has also included work for a state government economic research and forecasting unit, and for a small business research team in Washington, D.C. He received his M.A. in economics from Rutgers University.
Cliff is an active leader in the economics community, currently serving as President of the National Economists Club for calendar year 2019.