Kent Hughes, Director, Science, Technology, America, and the Global Economy at the Woodrow Wilson Center
The Post-World War II years brought unprecedented prosperity to America. Indeed, the concluding half of the 20th century was largely an economic triumph of the American dream. That success and the complacency it engendered was rudely shaken by the economic shocks of the 1970s. Stagflation, foreign competition, and oil embargos badly shook America. The result was a new competitiveness strategy that fueled the dynamic decade of the 1990s. Kent Hughes argues that a new version of this strategy is needed as the 21st century matures.