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...globalization that we intuitively know - call centers in India, toy factories in China - is just one piece of an increasingly competitive landscape. As manual work becomes more automated and trade barriers fall, companies chase knowledge workers and efficiency just as much as they do cheap labor and access to new markets. In this new calculus, it is often surprising who comes out ahead. According to the Business Competitive Index, the Global Competitive Index's sibling measure developed by Harvard economist Michael Porter, the countries with the lowest wages relative to competitiveness - that is, the best values as investment locations...

Author: /time Magazine | Title: The Changing Face of Globalization | 11/16/2007 | See Source »

...economy, a big part of that everything is being able to produce a desirable workforce. "If we're hearing a mantra today, it's workforce - finding the qualified people," says Rob DeRocker, executive vice president of Development Counsellors International, a firm that helps regions position themselves. The global chase for talent is just as true for manufacturing workers - you have to find skilled labor if all your machines are computer-controlled - as it is for PhD scientists...

Author: /time Magazine | Title: The Changing Face of Globalization | 11/16/2007 | See Source »

...atmosphere was very much that of a bullfight: once the contestants were released onto the course, nobody was quite sure what they would do. (For the record, every vehicle comes with a remote-control kill switch, which sits in the sweaty palms of a DARPA employee in a chase car.) The autobots moved slowly and haltingly, their computer brains thrashing furiously to interpret incoming visual data. But like polite student drivers, they stopped at every stop sign and signaled before every turn...

Author: /time Magazine | Title: Building the Best Driverless Robot Car | 11/15/2007 | See Source »

...based Sir Win Bischoff was named acting CEO. A search party of board members is looking for a new boss while, six blocks south of Citi's Manhattan headquarters, the man whom Weill once saw as his obvious successor but booted in 1998, Jamie Dimon, was leading archrival JPMorgan Chase through the credit market's troubles with far less drama...

Author: /time Magazine | Title: Assessing the Mess at Citi | 11/8/2007 | See Source »

...many reasons--to introduce themselves to a wide audience (Bill Clinton rocking shades and a sax on The Arsenio Hall Show in 1992), change their public image (Richard Nixon socking it to them on Laugh-In during the 1968 race) or remind voters that they're not actually Chevy Chase (Gerald Ford's press secretary, Ron Nesson, hosting Saturday Night Live at the start of the 1976 campaign). Recently Barack Obama, in need of a boost in the polls, popped up on both The Ellen DeGeneres Show...

Author: /time Magazine | Title: Politics | 11/8/2007 | See Source »

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