A Time of Flux for Electrolux
Richard Longworth
Francisco Flores
[S]ome people say that they’re against trade because they will be losing jobs. What these critics don’t realize is that the choice is not between giving a job to a Salvadorian or giving it to an American citizen. That’s not the choice. The choice is whether you will allow your enterprises to survive or not. If you allow your enterprises to create a more efficient division of labor and become more competitive by creating alliances throughout the world, then your corporations will survive. If you keep them closed in, then what will happen is that other corporations throughout the world will construct these alliances, you will lose the competitive edge you have, and you will not only lose jobs, you will lose the companies.
Stay tuned for more from Flores and others in this quarter’s R&L.












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