Chapter 11: Business, Government, and Globalization

The tension between business and government is exacerbated by the rapid rate of social, economic, and technological changes around the globe.

Consumers vote every day of the week-in dollars, yen, pounds, and euros. The same protectionistoriented voters, as customers, purchase products made everywhere in the world.

In speeding their own money, most consumers give far greater weight to price and quality than contry of origin.

The extent that human capital isincreasingly seen as a key resource in business and economic competition, the nations and companies that perform well will be those that can generate, attract, and keep educated, skilled, and experienced workers, managers, and entrepreneurs.

Source:Business and Government in the Global Marketplace (7 edition Murray L. Weidenbaum)