Clyde Prestowitz is the founder and president of the Economic Strategy Institute (ESI). He has also advised a number of global corporations such as Intel, FormFactor, and FedEx and serves on the advisory board of Indonesia's Center for International and Strategic Studies. He writes on international trade issues for Foreign Policy and is the author of the 2010 book The Betrayal of American Prosperity: Free Market Delusions, America's Decline, and How We Must Compete in the Post-Dollar Era. Prior to founding ESI, Prestowitz served as counselor to the secretary of commerce in President Ronald Reagan's administration where he headed U.S. negotiations with Japan, Korea, the European Union, Southeast Asia, and Latin America. He served as a leader of the first U.S. trade mission to China and negotiated the U.S.-Japan Semiconductor Agreement.