"too much of America’s global infrastructure – physical stock, workforce, research and development expenditures, foreign affiliate sales, and profits – is sunk in the slow-growth, high-wage, mature markets of Europe, Japan and the developed nations in general. Conversely, too little of America’s global assets are in the robust, demographically favourable markets of the developing nations. As a result, if the developing nations – with their burgeoning middle classes and huge infrastructure needs – represent the future, then many US companies are not ready for the future.
ft.com
Luckily, Dell, Caterpillar, HP, GM, Ford have investments in the emerging markets, but those are offset by the losses elsewhere. |
