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...outside world have not only survived this development but prospered and grown at an unprecedented rate. As we are moving toward the turn of the century, however, drastic changes are occurring. Most notably, the opening of emerging markets, specifically South East Asia and Eastern Europe, and the high-tech revolution have increased competition, challenges and, most notably, uncertainty. Even at a university with both stature and tradition, these changes have not passed by without notice, and a situation not dissimilar to the one described by the members of the classes of 1939, 1940 and 1941 is emerging. I would like...

Author: By Gerald B. Horhan, | Title: The Global Evolution | 4/5/1996 | See Source »

...speed of the high-tech revolution has also had quite similar effects. Fifteen years ago, almost all papers were burdensomely typed, and computers were reserved for a few freaks, some of whom would eventually turn into billionaires. Nowadays, however, the technical skills required to utilize the resources of the computer have become a must, and somebody expecting to succeed in either academia or a professional job has to reach an advanced level of sophistication. In addition, he has to keep up steadily with the technological advances. The computer has undoubtedly made many activities easier, but on the other hand much...

Author: By Gerald B. Horhan, | Title: The Global Evolution | 4/5/1996 | See Source »

...high-tech revolution and the globalization of the economy has created a high demand for people with motivation, work ethic, creativity, flexibility and international experience, skills that are fostered at Harvard (examples can be found inc consulting, finance, medicine and other growing professions). I would like to quote Professor David Laibson, who responded this way in an Economics 1011b lecture to a question about Pat Buchanan: "Students of this university and this class will be those who benefit most from the drastic changes in our economy. The demand for lowly-skilled workers and their standard of living have decreased sharply...

Author: By Gerald B. Horhan, | Title: The Global Evolution | 4/5/1996 | See Source »

...wiped out in the past decade; imports now account for about 90% of shoes sold here. But John Stollenwerk, owner of Allen-Edmonds, one of the few American shoe manufacturers left, says protectionism would not have saved others. Says he: "This isn't a shoemaking country. It's a high-tech one. There aren't a lot of Americans interested in sewing shoes together." Stollenwerk has survived by paying his 450 employees in Port Washington, Wisconsin, high wages of $12 to $15 an hour and turning out premium-quality shoes...

Author: /time Magazine | Title: CAMPAIGN '96: WHERE HE RINGS TRUE: FREE TRADE ISN'T ALWAYS FAIR | 3/4/1996 | See Source »

...increased corporate taxes, burdensome accounting-reform proposals and, most of all, Clinton's failed veto of a law making it easier for companies to prevail in securities-fraud lawsuits. Silicon Valley successfully pressed for a congressional override, maintaining that its volatile stocks have been hit hard by frivolous suits. High-tech executives are cruising for a G.O.P. presidential alternative. A favorite, California Governor Pete Wilson, crashed early. THE BALLOTS HEARD ROUND THE WORLD...

Author: /time Magazine | Title: Notebook: Mar. 4, 1996 | 3/4/1996 | See Source »

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