Further, straight-line calculations do n
ot take into account relationships with other parts of the world, like the Middle East, where tie ups and friendships with one country or another could very well change over the next few decades. Given that reality, then, what broad brush scenario would you bet on for the next 50 years? Would it be America’s 3% annual growth or China and India at 8%? We’d take America for a simple yet incontrovertible reason. Its system – the sum of all its parts – works. And when it breaks, it bounces back fast. Now, don’t worry; we’re not going to start singing the “Star Spangled Banner.” We just believe US economic dominance isn’t a function of how long it has been leading the pack. It’s about how America operates as a country. We’re talking, mainly, about freedom and stability. The US has a final competitive advantage that is as powerful as it is unique: its confluence of bright, hungry entrepreneurs and flush, eager investors.
For Complete IIPM Article, Click on IIPM Article
ot take into account relationships with other parts of the world, like the Middle East, where tie ups and friendships with one country or another could very well change over the next few decades. Given that reality, then, what broad brush scenario would you bet on for the next 50 years? Would it be America’s 3% annual growth or China and India at 8%? We’d take America for a simple yet incontrovertible reason. Its system – the sum of all its parts – works. And when it breaks, it bounces back fast. Now, don’t worry; we’re not going to start singing the “Star Spangled Banner.” We just believe US economic dominance isn’t a function of how long it has been leading the pack. It’s about how America operates as a country. We’re talking, mainly, about freedom and stability. The US has a final competitive advantage that is as powerful as it is unique: its confluence of bright, hungry entrepreneurs and flush, eager investors.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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