Page 214 - Accelerating out of the Great Recession

INDEX

Credit, 6–8 Deregulation, 37
consumer spending and, 105 Deupree, Richard, 154
current supply of, 19 Developing economies:
and growth, 19 competition from, 129, 158
risky borrowing, 5–12 as emerging markets, 157
Credit markets: GE’s focus on, 159
and cash position, 92 trade rebalancing in, 26
losses in, 12 and trade restrictions, 44
Crisis leadership, mind-set for, 154– Discounts, pricing strategy and, 107
157 Divestments, strategic, 136–138
“Crisis mode” thinking, 168 Dodge, 80–81
Cross-border loans, 47 Dow Jones Industrial Average, 85, 86
Cultures, company, 62–63, 152 Dumping, 43–44
Customer preferences, adapting to DuPont, 115–116, 135
changes in, 118–121
Czech Republic, 49 Economic development, K-cycles of,
30–32
Daikokuya, 142 Economic growth, xiii, 69–70
“The Debt-Deflation Theory of executives’ expectations for, 32–34
Great Depressions” (Irving low/ slow (see Low/slow-growth
Fisher), economy)
24–25, 67 macro views of, xii, xiii
Debt levels, reducing, 95–96 Eddie Bauer, 64
Debt-deflation theory (Fisher), 70–73 Eichengreen, Barry, 5
Deconstruction, 142–143 Elf, 98
Default rates, corporate, 64 Emerging markets, 157
Defensive strategies, 89–109 Employment:
for business protection, 96–104 changes in job markets, 56
for financial protection, 91–96 labor force reductions, 101–103
of GM in Great Depression, 79–80 over-50 workers, 54–55
for revenue protection, 104–108 protectionism in, 48–49
Deflation: (See also Unemployment)
deflation-inflation debate, 66–69 Energy technologies, 66
during Lost Decade in Japan, 69, Ethics, 166–168
129 EU (see European Union)
Fisher’s debt-deflation theory, 70– Europe:
73 credit market losses in, 12–13
Deleveraging, 21–22, 25 credit supply in, 19
and consumer spending, 105 demand for fresh equity in banks
effect of low-growth economy on, in, 13
xv discounters in, 121
as new reality of business, 67–68 protectionism in, 44–47

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