Once dominated by poorly managed and inefficient state-run firms that were protected behind trade barriers, now it is globally integrated and profitable.

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"LotusLive is an integral vehicle for our employees to truly function as a globally integrated enterprise, " said Mitsuhiro Aoyama, vice president of corporate information systems at Panasonic.

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As our world becomes more globally integrated and competitive, economic status now turns on many other things, like intellectual capital and skills training, things which colleges are supposed to instill, but many don't.

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They would not claim the ability to set the right price for an automobile, but they somehow believe that they can establish the proper interest rate for a highly complex economy in a globally integrated environment.

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The antidumping statute prohibits consideration of the impact of prospective duties on downstream industries or on the economy as a whole, yet policymakers having been steamrolled by the pro-antidumping lobby have given scant consideration to the idea that this is plainly stupid policy, particularly in a globally integrated economy characterized by transnational supply chains and cross-border investment.

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In a truly globally-integrated economy, investment, work and people flow like never before.

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Home to a private army of BMW and Mercedes owners and an impressive array of successful, globally-integrated companies, Chile is widely regarded as being the economic miracle of Latin America.

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With the arrival of the integrated circuit and the computer, those financial transactions could occur not only globally, but almost instantaneously.

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