
James A. Dorn
To gain a competitive edge, companies in the United States and around the world are increasingly specializing in their core competencies and outsourcing non-core functions. To succeed, this requires more knowledgeable workers with deeper skill sets and the means to manipulate sophisticated new technologies.
India has experienced remarkable economic growth, averaging an annual rate of 8 percent from 2000 through 2010.(1) It declined slightly to 7.2 percent last year, and is anticipated to hover just under 7 percent this year, the International Monetary Fund reports. With rising investment, production and consumption, the Indian economy has become the world’s ninth largest, at $1.7 trillion, just after Italy and before Canada.(2)
In this age of financial austerity, an increasing number of U.S. and European companies are seeking financial backing from and alliances with cash-rich Chinese companies. Those same Chinese investors however, are keen to snap up assets at what are sometimes bargain basement prices.
January was a busy month for international trade initiatives in Washington. The Obama Administration made proposals aimed at creating a special trade enforcement center and increasing supply chain security. The proposals contain minimal details. Nevertheless, each proposal gives some insight into the Administration’s trade priorities.
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