Globalization widens gap among Americans
There has been a shift in how and where big US corporations make their money, which could create investment opportunities at home
" Another divide that seems to be widening is between those Americans whose investments capture international growth opportunities and those whose portfolios don't.
In short, the economic divisions created by globalization are becoming ever sharper.
On the financial side, increasing globalization of US corporate profits may mean, for example, that US stock markets can retain their lofty elevations even if domestic growth continues to prove tepid -- because leading companies are earning so much abroad.
Even if the impact on the American worker is mixed, increasing international sales benefits investors, including working people saving for retirement, said Jeff Tyler, senior vice president of American Century Investments in Mountain View, California. "
By William Holstein NY TIMES NEWS SERVICE, NEW YORK Wednesday, Jul 11, 2007, Page 9
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