
James A. Dorn
In the decade following the horrors of World War I, peace was celebrated at every opportunity. The supporters of a bridge connecting Buffalo and Fort Erie, Ontario, seized upon that tide and in 1927 the Peace Bridge was born. Today it is operated by the Public Bridge Authority. It is ironic that a bridge passionately dedicated to peace has in recent years ignited a war between those who see it as an engine of commerce driving perhaps the largest sector of our economy and others who see it as a threat to the health of those living nearby.
During the careers of international executives, many are confronted with the important question of how to establish and evaluate foreign distribution strategies and partners. To do this, consider the seven “Cs.” These include commitment, cost, continuity, coverage, capital, consistency, and control.
Beijing’s decision to allow more flexibility in the daily trading band for the yuan-dollar exchange rate, along with the announcement that the People’s Bank of China will soon allow banks to pay higher interest rates on deposits, are positive signs that the leadership is serious about giving markets more play. Ending financial repression, however, will require political as well as economic reform.
What is the quickest way to increase the wealth of a nation? Increase the immigration of knowledgeable people. The current value of all of America’s physical capital, like factories and buildings, is about $45 trillion. But the value of all human capital is 16 times that — about $740 trillion. Immigration adds human capital to the United States in the cheapest way.
Understand dynamic global markets.
Understand what’s occurred and more accurately assess what’s ahead. Improve your corporate strategic plan, seize the right opportunities, and boost competitiveness and profits.
Informative, analytical and policy-oriented perspectives.
Comprehend the impact of past events and fully grasp and prepare for the challenges ahead.