@Anandvy, thanks for reading the post. As you aware, the ongoing economic crisis in Europe is a concern. In some of the EU states for example, there's been mounting concern over the national debts. I think the uncertainty in the Euro zone held back investment and spending. The effect of these will certainly affect the market value of euro too.
I think the aftermath of the global financial crisis compounded these myths.
@Anna, do you think these myths are just coincidences or do you think somebody is benefiting by spreading these myths and rumour ? I am sure opposition parties would love to spread these myths so as to create fear among the public ?
@Anna, you bring up a very good point. I do believe that it was serious misconceptions and it is much easier to say we did it because times were desperate and if information was brought up that contradicts them, they bury their heads in the sand until the storm is over.
@Jay_ Bond, I think it's a wrong perception on the policy makers' part. I believe, as the saying goes, desperate times call for desperate measures. Efforts and focus were wrongly placed on manufacturing sector to stimulate economic growth and to create direct employment. More so when the process appeared too slow, what do you think? Again, I think that even if the policy makers were made aware of these myths, it's probably easier on them to assume the ostrich position on this matter........ Blame it on the sunshine. It's Just a joke. Seriously, I think the report has highlighted widespread misconception in a clear and concise manner.
It never ceases to amaze me all of the decisions that are made on unfounded myths. And to think that these decisions are actually going against the proper choices all based on myths and not facts. I was surprised at the article and it brought up some very good points. It would just be nice if some of these decision makers would read this.
I think the aftermath of the global financial crisis compounded these myths. For example, the Credit crunch, the rising inflation, unemployment, increase in prices of commodities and the ongoing Euro Zone crisis combined contributed to the negative economic and social impacts in the western countries.
It was a shock for me while I was reading the six myths one by one because I had the same view. On the other hand, it makes me to smile that the things it is like that but how all these myths occurred?
@WaqasAltaf, thanks for your contribution. I agree, the strength of currency in the western world, is advantageous. This is exactly the point the report is basically emphasizing, despite offshoring and current challenges facing the western economy, trade surplus in business services alone was $113 billion. The improvement in the aggregate balance of trade for mature economies around 2001-2011 is just tremendous.. I particularly welcome this report.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.