Massachusetts Governor Mitt Romney’s Message: Globalize or Die
http://www.crn.com/showAr…cleID=174300587
By Paula Rooney, CRN
7:14 PM EST Wed. Nov. 16, 2005U.S. businesses must globalize or whither away and die.
That’s the message Massachusetts’ governor and top technology executives said at the Forrester Research executive strategy summit in Boston on Wednesday.
Gov. Mitt Romney, a former Bain Capital venture capitalist who is mulling a presidential run in 2008, said jobs will continue to be lost to emerging economies but U.S. businesses have far more to gain by selling their products into massive markets such as China and India than they risk losing by not participating at all.
He advised CIOs and technology executives to stop worrying about lost jobs and concentrate on innovating globally that will grow jobs here and abroad.
“I’m not happy exporting jobs but we must move ahead in technology and patents. I don’t like losing any jobs but we’ll see new opportunities created selling products there. We’ll have a net net increase in economic activity, just as we did with free trade,” Romney said. “It’s tempting to want to protect our markets and stay closed. But at some point it all comes crashing down and you’re hopelessly left behind. Then you are Russia.”
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