Economic growth follows stability, and it flees from disorder and strife. For business purposes that matters more than the form of government.
Navy Admiral, spy, technology innovator, university professor, corporate executive, board member, and savvy global investor, Bobby R. Inman is counted among the best and wisest who have held each of these titles.
Knowing the global breadth of his knowledge as it pertains to governments, societies, economies, and enterprises, we were delighted to entice him to speak at a Texas Enterprise gathering on the UT Austin campus on a topic he knows better than most, the international marketplace.
His full video remarks are worth the time, but following is a summary and partial transcript of his presentation. A few comments have been slightly reordered so that countries are appropriately grouped, but I’ve done my best to preserve his original meaning.
What do you need to find opportunity at the international marketplace?
- Stability. Economic growth follows stability, and it flees from disorder and strife. For business purposes that matters more than the form of government.
- Capital availability. What kind of investment climate do you find, and what is the tax climate? But I never saw a sound decision made purely on the basis of taxes…if there really wasn’t a solid business purpose underneath it, it turned out to be a bad outcome.
- Capable workforce, and an
- Education system that produces a capable workforce.
- Rule of law. If there are clear rules, regulations, and laws then its much easier to conduct business.