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The EconomyTraining Op Connection

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Fri Aug 01 2003

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It's common to hear about a company moving or expanding into other country, but we probably don't think often enough about the global economy potential opportunities. Companies have gone outside the United States to find bright new markets for products and services. One reason is that economic development, especially in China and India, can generate higher returns than are possible in North America. One reason is that economic development, especially in China and India, can generate higher returns than are possible in North America. As those enterprises expand, they must localize their products to succeed in their new markets, and they must prepare their U.S. workers for interactions with non-U.S. clients and co-workers. Similarly, many countries have adopted food labeling similar or identical to what is required in the U.S. Increased cooperation among governments on matters of regulation and trade also foster global opportunities. Although conflict seems to rule foreign policy, governments try to cooperate in their economic dealings to minimize barriers.

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