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Author:Koenig, P.
Title:If Europe's dead why is GE investing billions there?
Journal:Fortune
1996 : SEP 9, VOL. 134:5, p. 62-66
Index terms:ECONOMICS
COMPANIES
INVESTMENT
Language:eng
Abstract:At a time when it's fashionable to belittle Europe's slow growth, Jack Welch is making a mammoth, contrarian bet on the world's most mature market. Unless Europe engages in an extensive program of restructuring, in 20 years it will be a vast open-air museum. That's Byron Wien, Morgan Stanley's US investment strategist, offering a view that's widely held and hard to refute. If you had to divide your investment money between this calcifying relic and Asia's lithe, fast-paced emerging markets, how would you do it?
SCIMA record nr: 154671
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