New World, New Rules

"The public functions corporations assumed in an era of market dominance and market power are colliding with the twin realities of increased competitive pressures and newly aggressive shareholder demands for profit-maximization."

"Globalization has stimulated the pace of technological advance by intensifying competition."

"Employment relationships once assumed to embody a reciprocal lifetime commitment are more likely to be regarded today as contingent and probably temporary."

"Differences over corporate control were greatly exacerbated by the tidal wave of mergers, hostile takeovers, leveraged buyouts, and corporate restructurings that washed over the country in the 1980s."

"The pressures that have narrowed the scope of managerial discretion have had a shrinking effect on the level and nature of companies' charitable giving, the scope of their research, and their role as patrons of art and architecture."

"FDI activity can affect the growth or decline of jobs in a particular industry, occupation, community, or region. In other words, it can affect the mix of jobs available and thus the amount of job dislocation and its attendant effects."

"The central question is how to maintain the flexibility and dynamism of the American economy while reducing the costs imposed by increased economic uncertainty."

"Each of us is both a producer and a consumer, putting us at war with ourselves."