year ago and reports a 1 percent boost in profit margins.
As he wrestled with the Great Depression in 1933, economist John Maynard Keynes argued that ideas and arts should be international, but added: “Let the goods be homespun.” Stanley Black and Decker CEO John Loree agrees. “We have a philosophy of ‘make where you sell.’”
Clyde Prestowitz served as vice chairman of President Clinton’s Commission on Trade and Investment in Asia, and as a US trade negotiator with China, Japan, Korea, and the EU. Jeff Ferry is chief economist of the Coalition for a Prosperous America.
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