Saturday, March 10, 2007

How can U.S. stay on top of the world?

[7 March 2007 - USA Today - Opinion] We’re no longer the economic center of the universe, as the global landscape has shifted to former Third World countries. What to do? Remain competitive through innovation, not protectionism. ... Many more corporations should develop a clear emerging-markets strategy, embed their young managers with local families (as Procter & Gamble already does), build crucial local relationships, establish international focus groups to tailor products to local tastes, and form business alliances with this new breed of companies. And our universities should focus more on creative problem solving and integrate study and work experience abroad if we want students to be comfortable with foreign languages and cultures. More

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