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Posts Tagged ‘Sirkin’

How to Cure the Globalization Backlash

Posted by hkarner - 26. Dezember 2016

Date: 23-12-2016
Source: Forbes

Those who fear globalization are often dismissed as bigots, but anxiety over security and jobs is another factor, explains author and professor Harold Sirkin for Forbes. Many in the developed world have lost confidence. “Unfortunately, too many people in the industrialized West have too much idle time on their hands – and not by choice,” he explains and that compounds the anger and fear. “People who feel secure in their jobs are more likely to spend their spare time (and spare change) on activities such as fishing and shopping, ballgames and beach outings, nights at the movies and dining out at restaurants, than thinking about globalization and immigration.” Education, training, jobs and productivity contribute to individual confidence and industry competitiveness. – YaleGlobal

Anxiety about jobs, underemployment combined with some people with too much free time may have fueled the anti-globalization movement and populism

Harold Sirkin

Many thought leaders in the United States and Europe are trying to come to grips with the globalization backlash taking place on both sides of the Atlantic.

While I don’t share the views of the de-globalization crowd, I think it’s important to understand their thinking—and not dismiss them out of hand as racists, religious bigots, and xenophobes, as some have done.

While xenophobia and other fears may be factors—speaking in the present tense, because the backlash has hardly ebbed—concerns over family safety and job security appear to be a much higher priority.

Unfortunately, too many people in the industrialized West have too much idle time on their hands—and not by choice.

European factories aren’t operating at or near capacity, hundreds of thousands of IT jobs have been lost in recent years and the European Union’s average unemployment rate is nearing 10% (and trending much higher than that in countries like Greece and Spain). Den Rest des Beitrags lesen »

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Is the Glass Half Empty?

Posted by hkarner - 30. August 2013

Date: 30-08-2013
Source: The Wall Street Journal

Two Views of the U.S. Trajectory Niall Ferguson and Boston Consulting Group disagree about the U.S.’s future

If your summer-vacation book list included Niall Ferguson’s latest, „The Great Degeneration,“ you may well need another vacation. He riffs on the decline of the U.S., and the end seems unnervingly nigh.

But take heart: We’ve got a leavening business read, a shorter one that suggests a different outcome.

MFG Cost structuresThis study helps explain why Dow Chemical on Tuesday confirmed it will expand its manufacturing operations in Texas and Louisiana, and why scores of other companies—from Siemens to Toyota to Michelin  —are expanding U.S. production, too.

The authors see the U.S. fast becoming one of the developed world’s lowest-cost manufacturers, with a double-digit percentage advantage in key costs by 2015. Decline isn’t part of this picture.

But first, the cold shower.

For corporate chiefs who worry about megatrends affecting business, Mr. Ferguson is a worthy Jeremiah. An economic historian and best-selling author who teaches at Harvard and is a sought-after speaker, he has long warned about sclerosis in the West. When I asked him two years ago what he would do if he ran a U.S. company, he responded: Move it to Hong Kong. Den Rest des Beitrags lesen »

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