What Am I

After years of dominating the whole world, 7 is being replaced by 20 to make sure that the representatives become all encompassing. This Recession which began in US had a huge impact across the globe, but is felt the most in the developed part i.e. the group of G-7. So forced to give-in the supremacy, the G-7 is now trying to accommodate the developing nation into the elite group. Us, which is blamed for all its greed and other activities that have taken a dent on its image, is surprisingly the one which has initiated this process of giving more power to G-20. At times one may wonder if the EU is the actual culprit in the world economic forums, not not US as is perceived. Not that US can be said as a great proliferator of free trade especially with the recent 35% import duty on Chinese tyres. Getting back to the topic, Iam sure there would be huge reluctance from the G-7 to give-in to sharing of powers with the G-20 which make the forum all the more dynamic. Iam not sure

Remember all those case studies done in MBA about Japanese Car makers' plants in USA revolutionizing the automobile processes. I was just going through the latest news and I came across an article which is a big news in certain circles for sure. Toyota is closing down its first plant in USA, the plant in California. What does this indicate? Besides the fact that California is no longer the destination for investment, this is the first time that Toyota has ever closed a plant. The plant in USA, especially the one in California initiated the successful journey of Toyota in USA. Last year it replaced Ford as the largest selling car marker in USA. During the MBA course curriculum, The Toyota plant in USA along with the plant of Honda in Ohio were a part of the major case studies discussed for "Corporate Strategy" and also for "Operations management" to understand its "Lean" processes. The success stories of one time are no longer the ones sought after