Gordon Brown: How to Embrace Change - Leadership and Innovation - Asia outproducing Europe
June 12, 2006 issue - In the last year 1 million jobs have been lost from America, Europe and Japan—and one quarter of a million service jobs gone offshore. For the first time Asia is out producing Europe. And driven not just by political uncertainty but by the rising needs of Asia, oil and commodity prices have been rising fast.
The paradox of today's globalization is that even its winners feel themselves to be losers. Globalization is cutting the price of consumer goods, from clothes to electronics—putting what were once luxury goods into the hands of millions of ordinary households. Sadly, however, the citizens of the richest countries are more likely to think of globalization as the loss of jobs offshore.
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