Word: globalizing
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Dates: during 2010-2019
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...important welfare system, but they're at the top, most competitive countries in the world. I often like to say that the sense of welfare and security that a person needs, sometimes also helps in making that person more innovative, more risk taking, more entrepreneurial. (See pictures of the global financial crisis...
...staunch pro-European nation. I think Europe is in a transition, but I think it's a very important transition. I would say it's from being a peace project - which it still is - to being a model for a globalized society, a prototype for a globalized society. Europe began after the Second World War, so it basically was the dream to say: "Never again, war on this continent." And as a matter of fact, it has succeeded in bringing in countries, making them more democratic. Greece, Spain, Portugal initially, then the Central and Eastern European countries. It still...
...brutal world of Greek politics, though, those aren't always compliments. Despite PASOK's overwhelming victory last year, Papandreou's elevation owed much to the self-destruction of the governing center-right New Democracy Party. Opponents dismissed him as Yiorgaki, or "little George." (See pictures of the global financial crisis...
...Lost in the raging debate over the implications of global warming is the fact that one way or another, all companies are going to have to get greener, but companies like Dong and Aurubis are quickly positioning themselves as market leaders. Under the plan Dong announced in September, it expects to increase its proportion of energy production from renewable sources from 15% now to 85% by 2040. At the time of the announcement, the company inaugurated Horns Rev 2, the world's largest offshore wind farm. Some 30 km off the coast of mainland Denmark in the North...
...picture, long-term-payoff approach is what helps companies weather short-term vagaries. Dong recently reported a tumble in revenue from $11 billion in 2008 to $9.1 billion in 2009 - in large measure because of the global financial crisis and drop in energy prices. While the company said it expects higher sales in 2010, Eldrup looks beyond the quarterly reports. "This is the way the energy business is," he says. "We are working on a long-term horizon...