The American political system has been thrown into chaos. Who would have predicted the success that Donald Trump had in 2016? But look under the surface and the answer is obvious.
Americans are deeply worried their economic future. They worry that other countries, like Germany, Japan, and China are gaining, or have passed us, while the American middle class falls farther behind. Why are those countries winning?
Welcome to the world of global specialization. Today, countries and regions of the world are focusing and dominating in certain industry sectors like never before. For Japan, it’s the auto industry; Asia the electronics industry; in Germany, it’s machine tools and industrial machinery. Even tiny countries, like Singapore and Finland, have targeted certain industries with definitive strategies. It’s important to note that these are the countries with expanding middle classes.
To achieve this level of success, these countries have focused on ‘retainable’ industries with manufacturing at its foundation. They use a combination of industry, academia, government and a long-term strategy to eliminate their competitors.
As former Intel CEO Andy Grove once.
Winning the Race Among Nations for Economic Superiority book series pdf
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Winning the Race Among Nations for Economic Superiority book
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