If American business knew in 1989 what globalization would look like in 2010, would businesspeople have gone along with it? See what our readers had to say and weigh in with your comments.
Here we present the results of the March 2ASIE-News survey.
globalization has resulted in more trade, it also has increased the transfer of
production to lower-cost labor centers outside the U.S.,
resulting in factory shutdowns and unemployment in the U.S. If
American business knew in 1989 that this is what globalization would look like
in 2010, would you have signed up for it then?
sellouts sold the American worker for a few short-term dollars.”
“We let our cost get out of control, and we did a bad job of
reinvesting capital to help control cost.”
“We went (to globalization) because our competitors were going
or were planning on going. One company in an industry of 10 forces the other
nine. Competition - or the threat of it - created a no-option environment.
Water flows downhill.”
“(Globalization) has definitely changed the world order, and I
guess we have no one to blame but ourselves.”
“Big business was looking at their bottom line and jumped at
the chance to save money and increase profits.”
“If we had not (turned to globalization), Asia
or the EU would have initiated the concept, leaving U.S .markets in a
noncompetitive price situation.”
“In 1989, we were misled into the globalization fiasco. What
helped were the stupid environmental regulations and the out-of-control lawyers
and workmen’s comp - especially in manufacturing in California.”
“American businesspeople did not care what (globalization)
would look like in the future; all they cared about were short-term profits so
they could make their numbers and get their bonuses. American business went
downhill when taking pride in making a good product and a fair profit gave way
to MBAs living for the quarterly report.”