Globalization is not as simple as it might seem
Again, one of the key takeaways from the 2012 NFPA Annual Conference was about the challenges and opportunities of globalization for your business. As I mentioned earlier, John Caslione spoke about the opportunities involved with globalization. He made it clear that in order to grow and thrive in the new normal business world, a global strategy for emerging markets must be part of your strategy.
The next featured speaker at the NFPA Conference, Haiyan Wang, took it a step further by stating that the nex decade has the biggest restructuring Because of emerging markets. She went on to discuss the fixe stories of modern China that had to do with their amazing growth and the potential for their near-term and long-tern growth.
Wang felt very strongly that the Chinese economy would surpass the US economy in the not too distant future. Further, she detailed some of the reasons for China's tremendous growth and carefully outlined how US companies can and should also be participating. If there was enough time, I wanted to ask her individually or when she was participating in a later panel discussion, about the long-term sustainability of the Chinese economy.
I am a strong follower of economist Alan Beaulieu who, at previous NFPA events questioned such sustainability. I also wanted to say to all of the presenters "Hey, what about the record of our great country." Despite a Great Depression and now a Great Recession, our free market economy has shown great resiliency and resolve for success.
Unfortunately, there was not enough time. To be continued.