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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2434 |
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``I'm seeing the entrepreneurial response almost
everywhere,'' says Clyde V. Prestowitz Jr., president of the Economic Strategy Institute.
``It's not Silicon Valley yet, but there's a lot of ferment.'' Even in slow-growing Japan, ``I
think there will be a New Economy,'' says Toshiba Corp. President Taizo Nishimuro,
though he cautions that ``it won't be the same as the U...
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President Taizo Nishimuro,
though he cautions that ``it won't be the same as the U.S.''
Nevertheless, the process of shifting to a fast-growth track is still in its early stages in most of the world. Europe is at least two or three years behind the U.S., with Asia lagging even farther behind. While there are pockets of entrepreneurial vigor in places such as Finland, it has turned out to be an enormous challenge to reshape cultures to allow more risk-taking in Europe and Asia, where caution is a virtue...
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General points of the essay
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