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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.87+0.4%Nov 11 4:00 PM EST
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To: TobagoJack who wrote (93177)8/7/2012 10:24:52 AM
From: elmatador  Read Replies (2) of 217704
 
"diversify geographically" The key to success is to have a strong domestic position in North America, Japan or Western Europe, and at the same time be an "insider" in the other two markets, often through joint ventures. Cheap labor and expanding markets in newly industrializing countries have their place, but only as they fit into the larger scheme of things. Interesting examples support the main argument of this lively book, as well as a number of other contentions, such as that Western firms have done better inside Japan than is generally thought, while the Japanese have had trouble doing as well abroad as at home.

Source: Kenichi Omae Triad Power

For too long the place to be were sung in verse and prose and the RoW was pelted with muck.

That is why "diversify geographically" is hard to do today.

When Omae was writing Japan was significant and people thought Japan would trumple the US.
Not only that, when people talked about the Pacific Century, it was not about Middle Kingdom. It was about Japan and its satellites!!!

And I was the only one laughing because masses took people like Omae that serious.

It was akin, I reasoned then, to Nikita Kruschev saying USSR would bury the US!!!
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