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" Cisco failed to account for duplicates in the order backlog and therefore , although the tech economy had begun to slow down , Cisco anticipated continued high demand for its products , " says the assistant professor of operations , information , and technology . More and more older students will return to college to get the education they need to succeed in the new economy . And would they rather these jobs simply disappear altogether , striking devastating blows to many local economies ? The Congressional Budget Office is expected to release revised budget estimates in late August that take into account these recent changes in the economy . The fact of the matter is , we have , as the President says , a global economy . The Asia-Pacific region ’ s economy had been growing rapidly over the last decade . Seen from this point of view , the need for integration of our economies has a much stronger rationale than that of boosting inter-continental trade . The offshoring of engineering and other high-skill services work from the U.S. to developing economies has been the subject of intense debate in recent years . The present dynamism and future potential of these ` Confucian ' economies has already set alarm bells ringing in various Western capitals . But these trade and investment policies have done nothing to discipline illegal and anti-social behavior by corporations and governments competing in a fiercely competitive global economy . Differences between employed and self-employed , salaried and those on hourly rates , and between levels of work autonomy , promotion prospects and job security parallel those found in Western market economies . A Presidential Commission on Efficiency and Economy had been directed to make a detailed investigation of governmental operations , and an offshoot War Department Board on Business Methods , chaired by Ainsworth , had moved the focus to military operations . R. Guerrero heads Open Economies ? The EBRD has been an important catalyst of change with respect to reform and development throughout the transition economies . We could support training and other instruments for developing expertise to effectively participate in international negotiations , as well as studies for improving the competitiveness of regional economies . Mexico would have average living standards at the level of Spain today if its economy had simply continued to grow at the rate that it grew prior to 1980 . Because we have fast-growing economies and very slow-growing economies . Our rivals in Asia and Europe saw that our innovative economy had created new jobs rather than supported old ones and understood that our research was its foundation . The cattle ranches of the early days soon converted to a crop-based economy . Uncritical and exaggerated claims about the " information age " and the " network society " notwithstanding , it is clear that communications and information have become centrally important to modern economies . Sarah leads Open Economies in its effort to build cross-sectoral collaborations among governments , businesses , academics and non-profit organizations , and she oversees the development of Open Economies ?