11.08.2017 Views

Innovation

Global Investor Focus, 02/2007 Credit Suisse

Global Investor Focus, 02/2007
Credit Suisse

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!