The American Century.

The article encourages U.S. government officials and the private sector to compete in the era of globalization by using the lessons learned from a period of American financial innovations from the middle of the 1960s to the middle of the 1980s. The author asserts that the U.S. must recognize the reality of globalization in order to remain competitive in the 21st century. He cites three major studies that conclude that America is losing its dominance in world securities markets.