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October 16, 2008 | Europe's "New Corporations"

Global commerce has dramatically changed in the last fifteen years. The opening of new markets, growing competition, and the struggle for attracting the world’s brightest minds are all responsible for such a change. On the basis of substantial evidence from Germany and Austria, Dalia Marin shows the two manners in which companies in Europe have reacted to this development:

Restructuring of

April 14, 2008 | Purchasing in China is Becoming More Expensive

Thanks to its massive
workforce and low labor costs, China
has become the twenty first century’s leading global production plant. Even for
German companies, China
has long been a fundamental market for supplies. Yet an inquiry released by
PricewaterhouseCoopers reveals some astonishing facts: for many businesses, China is not as
cheap as one may think. Indeed, on some products, there is a