Thursday, April 17, 2008 - The Progress & Freedom Foundation Blog

The Globalization of Services: "Opportunity Knocks"

Check out the Dallas Fed's annual report "Opportunity Knocks" on the huge importance of services to the U.S. (and any advanced) economy. Richard Fisher, the Dallas Fed's president, and his chief economist Mike Cox have been doing a great job studying globalization and highlighting its opportunities, which vastly outweigh its challenges. IBM's big boost in revenues and profits, announced today, is a prime example. But the Dallas Fed also highlights many smaller, unknown Texas service-sector companies who are exploiting the same global phenomena.

posted by Bret Swanson @ 7:39 PM | Global Innovation