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The most valuable things in the new global economy In the good old days, the value of a commodity, product, or service on the global market was generally determined by supply and demand. The entire world order of trade regulation, currency exchange, and international banking was based on this system. Since China's adoption of the InfoMerc model, these rules are not the primary drivers of price or value, in any sector, and the switch has been both jarring and, in most cases, disastrous for those adhering to the old system. Just ask Boeing, or Cisco, or Lucent, or Nortel, or Motorola, or AMSC, or Dupont, or ... In this issue, we're going to help explain the new order in terms that will make sense, yet also be something new for the economists of the world. |
