Page 215 - Accelerating out of the Great Recession

INDEX

Europe (continued) postpone spending, 93–94
savings rate in, 52 protect cash position, 91–93
status of banks in, 17–19 reduce debt levels, 95–96
European Central Bank, 44 renegotiate with suppliers, 93
European Commission, 18, 46 Financial sector:
European Union (EU), 44, 51 business graduates’ move to, 167
Euro zone countries: profits in, 58–59
bank losses in, 12–13 Financial services, protectionism in, 47
commercial lending in, 92 Fiscal stimulus, 38–40
consumer price index in, 105 Fisher, Irving, 5, 24–25, 67, 70–73
Executives: Flexible business models, 103–104
compensation of, 163–165 Focused inventory management,
governance by, 165–166 94–95
Executives’ expectations: “Forced” cycles, 71
for deflation vs. inflation, 66 Ford Motor Company, 79, 83–84
for economic growth, 32–34 Foreign nationals, 48
for inflation, 105 Foreign ownership of businesses, 50
for profit levels, 59 France:
for public scrutiny, 167 executives’ expectations of eco-
for reindustrialization, 41 nomic growth in, 33
from survey findings, 176–178 manufacturing sector in, 40
Expectations: protectionism in, 46, 50
setting, in a crisis, 155 “Free” cycles, 71
of surveyed executives (see Free trade, 49
Executives’ expectations) Free-market economy, doubts about,
External changes, capitalizing on, 57–58
118–125 Friedman, Milton, 68

F.W. Woolworth, 93 Galbraith, John Kenneth, 70–71
Fairy, 135 Gale, William, 39
Family Mart, 132 Gannett Company, 134–135
Federal Express (FedEx), 143–144 GDP (see Gross domestic product)
Federal Reserve Bank of Dallas, General Electric (GE), 40
68–69 and cuts during Great Depression,
Financial crises: 102
banks’ part in, 9–12 and “glocalization” model, 158–159
causing Great Depression, 85 and New Deal programs, 122–124
in Japan, xi–xii and the social contract, 161
in the United States, xii General Electric Credit Corporation,
Financial protection strategies, 91–96 124
focus on inventory management, General Motors (GM), 78–80, 93–94,
94–95 103–104

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