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Session 11: Outsourcing to Asia
11:00 am - 12:15 pm Bromley/Claypool
China and emerging Asia: saviours of global growth or job-absorbing drains on the rest of the world? To outsource or not to outsource, that is the question. Make sure you understand the real issues behind the media-hype, so that your company benefits from the rapidly growing Asian markets, perhaps through outsourcing.
Sponsored by the NABE Corporate Planning Roundtable
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Speakers
Stephen Latin-Kasper
National Truck Equipment
Association
Corporate Planning Roundtable Chair
presiding
M. Terry Cooke
GC3 Strategy LLC
Merritt T. (“Terry”) Cooke is the Founder and Managing Director of GC3 Strategy LLC., an international consultancy fostering bio/life science technology transactions and partnerships between the US and Asia. As the top three worldwide holders of foreign exchange (exceeding a trillion dollars overall), Japan, China, and Taiwan have increasing political and economic incentives to diversify and invest abroad, particularly in emerging technology sectors. GC3 Strategy’s mission is to assist US companies in forging these partnerships.
Terry is also the Founder of Greater Philadelphia Global Partnership (GP2) BioResponse, a non-profit-in-formation designed to highlight the use of Information Technology tools to promote international coordination and preparedness in countering threats from SARS, HIV-AIDS and bio-terrorism.
Terry advises the University of Pennsylvania’s Lauder Institute (The Wharton School) as well as the City of Philadelphia in their global business outreach. He also serves on several boards.
Over the past year, Terry has been a Senior Fellow at the Foreign Policy Research Institute in Philadelphia, PA. His policy research is an ongoing, multi-year project focusing on the commercial and policy implications of the large capital and foreign exchange flows into, and accelerating market integration between, Taiwan and China, with particular emphasis on the Information Technology sector. Elsewhere in the public policy arena, he has recently joined the RAND Corporation as a Senior Policy Advisor to their Center for Asia-Pacific Policy.
During the fourteen previous years, Terry held progressively more responsible positions within the U.S. & Foreign Commercial Service at world centers in Asia (Taipei, Tokyo, Shanghai) and Europe (Berlin), including being the senior commercial representative of the United States in Taiwan and at the U.S. Embassy Office in Berlin. This work involved consensus building with counterpart governments; with the CEO level in industry; and with top-levels of the Executive Branch of the U.S. Government. These positions required a variety of skills in complex, cross-cultural decision-making environments: transactional skills in major projects and in bilateral negotiations; policy and fund-raising skills in organizing international conferences and trade promotion events; and administrative skills in managing substantial budgets and staffs. In December 2001, Terry was recommended by the U.S. Department of Commerce for promotion to the Senior Foreign Commercial Service (the Senior Executive Service of the U.S. Foreign Service and of the U.S. Department of Commerce). Following President Bush’s nomination of Terry to the U.S. Senate in March 2002, he was confirmed as a member of the Senior Foreign Service in June 2002.
For the past twenty-five years, Terry has worked to combine constructively the perspectives of government, business and academe, with particular emphasis on issues of globalization and growing commercial interdependence. This effort grew directly out of his interest in ethics and cross-cultural studies during university and graduate school. This brought him to international commerce, which, over these decades, has outstripped politics as the world’s main bridge of global interchange.
Donald Straszheim
Principal
Straszheim Global Advisors
Donald H. Straszheim is founder and principal of Straszheim Global Advisors, an independent research firm. The firm focuses on the U.S. and global economies, business conditions and financial markets, serving the buy- and sell-sides of the financial community, as well as business, industry and government. Assignments during the last year have taken him to China, Russia, Romania and Korea, as well as throughout the United States. Dr. Straszheim is also Vice Chairman of the Milken Institute, a not-for-profit, nonpartisan economic-and public-policy think tank located in southern California. He left Wall Street in 1997 to join the Institute, and served as its President from 1997 to 2001, building it into a business- and finance-oriented research organization with a global reach.
From 1985 to 1997, Straszheim was Chief Economist for Merrill Lynch and Co., then the world's largest securities firm. Headquartered in New York City, he was Merrill's primary economic spokesman, led a worldwide team, guided its economic research effort and was the architect of its global economic viewpoint. He was voted ten consecutive years to Institutional Investor's All-Star Team (equity or fixed income). He traveled and represented the firm worldwide, writing and speaking extensively. He split his time between research, the internal sales and trading units, and counseling major institutional investors, investment- banking clients, government officials of many nations, and large individual investors for the firm's private client division.
Straszheim is a widely quoted commentator in nearly all the major business and financial print media, a regular analyst on CNBC, CNN and FOX, a guest on all of the major networks, and a well-known participant on the speaking circuit. He has testified before Congress and has been a frequent writer on economics, business and finance. He is a member of the Board of Governors of the Los Angeles Society of Financial Analysts. In addition, he serves on various other civic, public and private-sector boards.
Earlier in his career he ran U.S. operations for Wharton Econometrics, the economic forecasting and research unit at the University of Pennsylvania's Wharton School of Finance. He also was chief economist for the Weyerhaeuser Company, a major forest products firm. And he was an economist for Investors Diversified Services, a money management firm now known as American Express Advisors. He is a Vietnam veteran, and was a member of the Purdue University NCAA Championship golf team. He holds a B.S., M.S. and Ph.D. from Purdue University.
