Immelt...globalization affirmation

In the Economist's THE WORLD in 2009 edition, Jeff Immelt asserts that globalization is vital and must be RE-EMBRACED. These are some of this key points:

1. "A strong international trade system is fundamental"


2. " Continued economic liberalization enhances growth"


3. "Protectionism must be resisted"


4. "Global trade must be fair"

I challenged this entire theme. If the world was fair and all countries permitted goods and services to flow in an out of them based on real economic and marketing principles then Immelt is right...but the reality is that this has NEVER happened and NEVER WILL HAPPEN.

The first responsibility of ALL governments is to support and enhance their own countries and provide REAL jobs and positive balance of trade. They must PROTECT their own patents and copyrights and skills... The United States lives in a DREAM WORLD... the country had given away its COMPETITIVE ADVANTAGES and KNOW HOW for short term, greed and profitability and has exported GOOD JOBS to countries that are not willing to honor the intellectual properties.

The United States is now in crisis BECAUSE it can't provide high paying jobs to its citizens. All of the major companies, including GE, has given away jobs, opened laboratories in countries that have a reputation of not honoring patents, copyrights and intellectual proprietaries, all in the name of SHAREHOLDER value, but not STAKEHOLDER VALUE..but unfortunately even the shareholders have been devastated.

The United States companies and government must learn to focus on THE UNITED STATES citizens first and then if it can afford it go GLOBAL

LEARN HOW TO THINK STRATEGICALLY...www.strategyleader.com

Bill Rothschild, author of the only comprehensive, objective and insightful analysis of GE's past successes and failures...THE SECRET TO GE's SUCCESS.