Masonry Magazine October 1978 Page. 31
Notable Quotes
BUSINESS FACES TWIN CHALLENGES
I see a twofold challenge to business leaders. First, our free market system has produced incredible results. Regardless of your yardstick - gross national product, per capita income, productivity, technology - our economy has produced unrivaled wealth for its people. The first challenge to business, then, is to espouse more strongly than ever those vital elements of our free market system, and always in terms of the benefits to people. As to our second challenge, we must face the fact and publicly acknowledge that the very success of this free market system - the unique and incredible successful marriage of capitalism and democracy in America - has produced some fallout problems. These are real problems that are going to insist on responses. And, if we in business don't like the responses we are getting from government, we had better get involved in fashioning some better responses. Donald W. Davis, Chairman, The Stanley Works.
U.S. Slips in Saudi Arabia Construction
In 1978 the value of the construction market in Saudi Arabia will exceed 750 million U.S. dollars. This figure does not include expenditures on process plants and equipment.
The U.S. share of this market, which historically has been dominant, has in recent years been eroded by intense competition from other nationals, according to Building Management & Marketing Consultants, a leading British construction organization. The magazine said that the main factors behind this decline are the increased competition from "Eastern" countries, especially Japan, Korea, Taiwan and Indonesia; U.S. anti-boycott legislation; and the U.S. Treasury's tax policies.
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MASONRY/OCTOBER, 1978 31