Why Global Commitment Really Matters! (The Globalization Balance Sheet Series)

For both soaring Silicon Valley & slumping Central New York & for firms both large & small, global integration usually has a very positive impact. In this study, Howard Lewis & J. David Richardson explore new gains from deep international integration, some of which were featured in two earlier Institute studies of the under-appreciated benefits of deep export dependence (*). Why Global Integration Matters Most! updates the export studies & explores the evidence for a more radical idea. A growing body of research literature demonstrates that globally engaged firms & their workers enjoy numerous performance benefits over local counterparts that are identical with respect to size, industry & location. Conscious decisions to export, import, invest abroad, or partner with foreign investors or technology seem to be a catalyst for added benefits, especially rapid & stable job growth. Over time, globally engaged firms rejuvenate whole industries as their market share rises & that of more insular firms shrinks. Any, many, or all types of global commitments reward firms, workers & local communities. The study supplements its research survey with real-life profiles of representative American exporters, importers (often businesses importing machines & components), investors abroad, foreign affiliates, and technology partners. It also weighs criticisms & alternative interpretations of the research, & discusses the problems of those left on the margins of global engagement. April 2001. 8x11. 50 pages. ISBN: paper 0-88132-298-9. $12.95. (*) Why Exports Really Matter! & Why Exports Matter: More!J. David Richardson is the author of 'Why Global Commitment Really Matters! (The Globalization Balance Sheet Series)' with ISBN 9780881322989 and ISBN 0881322989.