Subscribe to Entrepreneur for $5
Subscribe

Stay Home?

If the great global future of business is here, so far it's not much to look at. Are you trying to find a path to international success in today's world economy?

By
This story appears in the February 2003 issue of Entrepreneur. Subscribe »

For years, Bob Duncan of Leawood Export Finance Inc. in Overland Park, Kansas, was a vociferous advocate of globalization. As president of the B2B export finance firm, which helps U.S. companies expand their export sales, Duncan saw his company grow steadily throughout the post-Cold War 1990s, venturing into one foreign market after another. During that time, Duncan himself talked up the advantages of globalization--a combination of advances in trade, communications and capital flows--to hundreds of small U.S. businesses considering expanding overseas.

But over the past two years, as globalization has undergone its most severe test to date, Duncan's mood has become darker. His company has laid off employees and slashed costs, and he has become less certain of the future of global integration. "The global economic situation has become unclear, and there are clearly major risks," Duncan worries.

Memorial Day Subscription Sale- Unlock this subscriber exclusive article and more for 20% off today.

Access all Entrepreneur content with no ads, unlock discounts, and get exclusive advice only available to our subscribers. Plus, our magazine delivered straight to your door.

Get a year subscription today for 20% off. Just use code SAVE20 at checkout.

Entrepreneur Editors' Picks