Globalized Business Strategies - The Answer To Weak Domestic Growth?

摘要

US domestic businesses have been struggling since the onset of the Great Recession in mid-2008. Demand recovery has been weak at best and smaller companies in particular continue to find bank financing limited at best. One has to go back to the 1930s to find such prolonged economic weakness, and in both cases, many of the problems stem from ill-advised actions of the Federal Government, whether it be over-stimulation of the housing industry, over-regulation of manufacturing, uneconomic subsidies for the politically connected, bureaucratic incompetence, or "all of the above." Even if the next election brings about reform and reduction of government, the results will take some time to be felt. Business executives need to act now to adapt to this "new normal," or they and their companies may not be able to endure until sustained growth is finally here again. Clearly, the answer is to seek customers where demand is still growing - overseas. Less developed countries can offer business opportunities that are currently lacking in the US and the EU.