It is very easy to think that business globalization is a one-way street. If the media happens to present just the “bad news” side or if you happen to be someone who just lost a job, then the one-way street might be all you perceive.
The good news is business globalization is a two-way street. As countries around the globe develop and grow, like us, they seek the most economical avenues for their business, industrial, and technological growth. Sometimes that means they invest in stateside operations. The chemical industry is one excellent example of this in recent years as Jack Kaskey reports (“Chemical Companies Are Rushing to the U.S.” Bloomberg Businessweek, 7/29/13–8/4/13, pp. 16–18):
“Ships sailing north from Chile are bringing an unusual cargo to the U.S.: chemical factories. Methanex, the Canadian company that’s the world’s largest producer of methanol, is spending $1.1 billion to disassemble two of its Chilean factories and rebuild them in Geismar, La. . . . Scores of other companies including ExxonMobil, Chevron, and Sasol plan to spend about $100 billion to build or expand chemical plants in the U.S. . . . Dow is spending $4 billion to build factories in Freeport, Tex., and reopen a plant in Hahnville, La., creating 500 manufacturing jobs and 5,000 construction jobs.” (p. 16)
We are living in a small world and it is becoming smaller every day. We are doing business together. Our two-way street is handling more traffic every day in both directions. In the big picture, the more that happens, the more opportunities are created for everyone.