Slow Economy, Advancing at Warp Speed
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When economic historians analyze the Great Recession that began in December 2007, they are likely to discover that the pace of globalization accelerated during the slowdown.
The recession has thrown virtually everything up for grabs: entire companies, divisions, specific assets, markets, market share. And companies from all corners of the globe fortunate enough to have the wherewithal have been expanding, launching new products, purchasing assets. Other companies have been making strategic changes to position themselves to increase their global footprints.