Innovation
Global Investor Focus, 02/2007 Credit Suisse
Global Investor Focus, 02/2007
Credit Suisse
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Global markets T-shirts from China, roses from Ecuador, wine<br />
from South Africa: faster communications and transport, simpler financial<br />
systems and the political will to remove trade barriers are making<br />
international commercial relations more interdependent. Production<br />
takes place where costs are lowest or know-how is greatest. The<br />
worldwide market offers opportunities: wider prosperity, bigger sales<br />
and more resources. But international competition also creates insecurity<br />
and fear. In Western countries, jobs for low-skilled employees<br />
are scarce. Migration has brought additional labor on to the market,<br />
and different cultures clash. The search is on for improved working<br />
patterns and fair and even-handed terms of trade.<br />
Why now?<br />
12000 BC<br />
11000 BC<br />
10000 BC<br />
9000 BC<br />
8000 BC<br />
7000 BC<br />
6000 BC<br />
Photo: NASA/Roger Ressmeyer/Corbis<br />
Agriculture