Abstract
One of the most profound changes in American business during the past decade and a half is that it is no longer just American. Neither is Japanese business simply Japanese, nor German business, German. Most lines of business activity are virtually unfettered by geopolitical boundaries. Indeed, while “global economy” is now a part of every commentator’s vernacular, it is a phrase that did not appear in the periodical indexes until 1980.
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Notes
Alan Greenspan, “Goods Shrink and Trade Grows,” Wall Street Journal, October 24, 1988, p. A14.
Walter B. Wriston, “On Track with the Deficit,” Wall Street Journal January 6, 1989, p. A10.
Steve Lohr, “The Growth of the ‘Global Office’,” New York Times, October 18, 1988, p. 29.
As reported by Edward Yardeni, “The Triumph of Capitalism,” Topical Study of Prudential- Bache Securities, no. 17 (August 1989), p. 16.
“The Growth of the Global Office,” New York Times, October 18, 1988, p. D1.
Kenichi Ohmae, “No Manufacturing Exodus: No Great Comeback,” Wall Street Journal, April 25, 1988, p. 26.
Alan Reynolds, “A Baedeker to Better Living,” Wall Street Journal, February 23, 1989, p. 8.
Norman McCrae, “Workplace Flexibility: Past, Present, and Future,” duplicated copy of a speech, received June 1988, p. 5.
See Richard B. McKenzie, The Decline of America: Myth or Fate? (St. Louis: Center for the Study of American Business, Washington University, 1988).
R. H. Coase, “The Nature of the Firm,” Economica 4 (November 1937), pp. 386–405.
Gregg A. Jarrell, “For a Higher Share Price, Focus Your Business,” Wall Street Journal, May 13, 1991, p. A14.
Ibid.
Brent Bowers, “Technology Allows Small Concerns to Exploit Distances,” Wall Street Journal, October 28,1991, p. B2. (Note: Information updated in personal conversation with Rosenbluth International Corporate Communications Manager, Liz Joseph, June 5, 1995.)
Brent Bowers, “Technology Allows Small Concerns to Exploit Distances,” Wall Street Journal, October 28,1991, p. B2. (Note: Information updated in personal conversation with Rosenbluth International Corporate Communications Manager, Liz Joseph, June 5, 1995.)
For example, see F.A. Hayek, “The Pretense of Knowledge,” New Studies in Philosophy, Politics, Economics, and the History of Ideas (Chicago: University of Chicago Press, 1978), pp. 23–35.
Deborah White, Fed Ex Chooses Memphis Site for Plane Maintenance Center,” Commercial Appeal, August 18, 1989, p. Al.
Deborah White, Fed Ex Chooses Memphis Site for Plane Maintenance Center,” Commercial Appeal, August 18, 1989, p. 10. These three governments agreed to construct a new road to serve the facility site at an estimated cost of $2 million to the city and county; provide a sewer connection at an estimated cost of $100,000 to the city and county; make the facility site ready to use, which means that the Memphis Airport Authority would have to acquire additional land, close roads, and rezone property at no cost to Federal Express and at a cost of $400,000 to the Airport Authority; build, at state expense, a training facility on airport property at a cost of $4 million and then train about 700 aircraft mechanics at a cost of $3 million to the state; finance the facility’s construction with bonds issued by the Memphis Airport Authority, which would enable Federal Express to avoid taxes on the property, or agree to a tax freeze if the project could not be financed with bonds issued by the Airport Authority; and provide a $1 million state grant immediately and work with the state legislature to obtain an additional $4 million grant for taxi way improvements.
Detroit bought the necessary property for the GM plant for $200 million ($150 million of which was covered by a federal grant) and sold the site to GM for slightly more than $8 million. See Sheldon Richman, “The Rape of Poletown,” Inquiry, August 3 and 24, 1981.
See Kanter, When Giants Learn to Dance Robert B. Reich, The Next American Frontier (New York: Times Books, Inc., 1983)
Robert B. Reich, The Resurgent Liberal (and Other Unfashionable Prophecies) (New York: Random House, Inc., 1989).
See Barry Bluestone and Bennett Harrison, The Deindustrialization of America: Plant Closings, Community Abandonment, and the Dismantling of Basic Industry (New York: Basic Books, Inc., 1982).
See Barry Bluestone and Bennett Harrison, The Deindustrialization of America: Plant Closings, Community Abandonment, and the Dismantling of Basic Industry (New York: Basic Books, Inc., 1982), p. 18.
David S. Broder, “Getting the Government Its Due,” Washington Post National Weekly Edition, February 26, 1990, p. 4.
Ibid.
George Gilder, Microcosm: The Quantum Revolution in Economics and Technology (New York: Simon and Schuster, Inc., 1989), p. 15.
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McKenzie, R.B., Lee, D.R. (1996). Capital Mobility: Challenges for Business and Government. In: Batterson, R.A., Chilton, K.W., Weidenbaum, M.L. (eds) The Dynamic American Firm. Springer, Boston, MA. https://doi.org/10.1007/978-1-4613-1313-7_7
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