As the adaptation from Robyn Meredith's new book (p. 66) as well as our own Capital Hospitality Index (p. 23) underscore, globalization is a liberating force.

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Currently, there are more than 7 million apps from tech operators like Groupon (Nasdaq:GRPN) and Pandora (NYSE:P), as well as mega-brands like Disney (NYSE:DIS), and Coca-Cola (NYSE:KO).

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LinkedIn ( LNKD) saw its stock more than double on the first day of trading while Pandora ( P) watched its shares soar as well.

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Its average daily production last year was over 3.4 million barrels--some 11% of the OPEC total--well ahead of countries like Kuwait and Nigeria (see chart, p. 40), and 50% more than Iraq needs to finance its ambitious development plans.

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