Environmental and economic policies have almost always been at odds with each other. Many businesses and government groups see environmental legislation as stifling and overbearing, destroying jobs and preventing economic growth. But a new global council of environmental scientists and economists, led by an impressive cross section of world leaders and policymakers, hopes to allay those concerns.
The Global Commission on the Economy and Climate is composed of leaders from government, finance, and business. The commission is a partnership of seven economic and policy research institutes located in the U.S., China, Europe, India, Korea, and Ethiopia. It is overseen by an international council of former heads of government and finance ministers, as well as business leaders. Read more
A majority of manufacturing executives at companies with sales greater than $1 billion claim in a new survey that they are pulling production back from China and returning it to the U.S., or are at least considering such a move. Labor costs, proximity to customers and product quality are key reasons for production location decisions.
Smart manufacturers would never operate in a place where the supply chain was uncertain. That’s simply good business sense. Yet many companies operate without a sufficient supply of their most critical resource: high-quality workers. Read more
When a U.S. manufacturing company is ready to expand overseas for the first time, executives frequently underestimate the complexity of international human resource issues. They may not know the right questions to ask or the things they need to think about to avoid the pitfalls that await. Read more
First-timers to IMTS — the International Manufacturing Technology Show — invariably say they have never seen anything like it, probably because there isn’t anything else like it. IMTS brings the collective genius of an entire industry to one place, at the same time, with one focus: advanced manufacturing. Read more
When the subject of climate change is discussed, a peculiar view often emerges. This view tends to accept the business-as-usual scenario as an inevitable outcome of the economic system or simply as the human condition.
According to this perspective, the power of greed shapes and drives our capital markets, and it is this greed that has caused the global society to industrialize and has allowed the buildup of excessive levels of GHGs. In other words, a merciless capitalist spirit is at the root of our climate change problem, and addressing climate change requires the elimination of the capitalist system that underlies it.
Oddly this point of view can emerge from both the far left and the far right of the political spectrum. In light of this view, it takes an almost aikido-like response to initiate a different world view. On the one hand, such a response requires agreeing that greed will work its way into our economic system and will have both positive and negative consequences. Furthermore, the response requires a counterintuitive and perhaps risky acknowledgement that the solution to climate change actually depends on capitalism to pull us out of the quagmire. Read more