Word: carana
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...best way for a region to overcome those fears and win out is to figure out how its talents best fit into the global supply chain, says Eduardo Tugendhat, president and CEO of Carana Corporation, a company which designs economic development programs. In Macedonia, a land-locked country with a small domestic market, Tuhendhat's firm suggested harnessing the nation's long tradition of metal working and pushing into the machining and automotive parts sectors in order to take advantage of the growing auto industry in neighboring Slovakia and Romania - two countries that have become a hot spot because...
...play for biotechnology. Of course, there is always a risk in spending massive amounts of focus and money on one sector since so many factors have to align for economic development to work. "Is Singapore really where the top scientists in the world want to be working?" asks Carana Corp.'s Tugendhat. "Just because you build a great campus doesn't mean they're going to come...
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