Business Schools and Corporate Partnerships in a Changing Global Economy

Corporations within the past decade have found themselves trapped in the worst of all possible worlds. By the middle 1970's, even though profits still seemed strong, productivity growth was slowing to a crawl. By the late 1970's, the competitiveness of American manufacturers, as measured by their shares of world markets, was sagging. The Federal Reserve Board pushed up interest rates to fight inflation, and the dollar soared. American corporationsfound themselves having to cope with higher credit costs while being priced out of markets overseas and surrendering big chunks of their domestic markets to cheaper and better imports.