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Global Business Leaders Should Prepare for Slow Growth Economic Era

BCG - The Boston Consulting Group has published a diagnosis of the global economic crisis and an analysis of what companies and business leaders need to do to succeed in the emerging slow-growth business environment. The new book from BCG authors and Senior Partners David Rhodes and Daniel Stelter is entitled Accelerating Out of the Great Recession: How to Win in a Slow-Growth Economy (McGraw-Hill, Feb-2010). Rhodes and Stelter say that companies face ongoing long-term challenges brought on by global trade imbalances, unstable financial institutions, and overleveraged consumers that can no longer drive economic growth. They note that that U.S. consumers generate nearly 19 percent of global GDP, and lost U.S. demand cannot be easily replaced. A 32 percent increase in private consumption in China, for example, would be required to offset a 5 percent reduction in U.S. consumer spending. (1,955 words) . . . (to read the remainder of this article, please log in below.)
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