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AUGUST 27, 2001
AMERICA'S FUTURE -- SMART GLOBALIZATION
How companies are boosting foreign sales--and cutting risk
PRUDENT INVESTMENTS
Rein in capital spending on new factories and acquisitions. Look for smaller, more focused projects.
BROADENING THE MARKET
Look beyond upscale consumers to the 4 billion people earning the equivalent of $1,500 or less a year.
LOCAL LEVERAGE
Where possible, use existing distribution networks and underutilized factories, rather than build from scratch.
CO-OPT THE LOCALS
Don't wait for a backlash. Involve local nonprofits, entrepreneurs, and officials in your project.
DON'T RUSH IN
Most emerging markets are liberalizing investment rules: So wait until the terms are right.

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