Jim Pinto's latest newsletter is out. Jim just traveled to India and has been pondering what the impact of globalization will be on American manufacturing. With all the dire predictions that come from linear extrapolations of little pieces of bad publicity, Jim offers these optimistic points:
Stop the gloom and doom; let me bring up some positive points.
The 3 major drivers of the future economy are:
1. Global, competitive open markets.
2. The evolution from manufacturing and services to knowledge as the foundation for wealth creation.
3. The high rate of technological change.
America is still a young country and will not only survive, but thrive, because of it's entrepreneurial spirit.
This gives me an opportunity for my usual evangelistic soapbox speech--what are you doing to improve the lot of manufacturing in the US?
8:05:55 AM
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