The Shape Of Partnerships To Come

When Taiwan Aerospace opened talks aimed at buying 40% of the commercial airframe business of McDonnell Douglas for as much as $2 billion, a lot of observers shrugged off the deal as an inconsequential offer for a failing business. But the bid should be seen as an augury: More and more U.S. companies without the resources to compete globally on their own will have to seek out partners abroad.

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