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The American automotive industry looked rock-solid. HCCI outsourced back-office operations — human resources, accounting, finance, medical transcription, radiology — to low-cost but high-skilled employees in India. Tim Robberts/Getty Images. There was a time when the American steel industry seemed invincible.
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Today''s information technology allows a multinational company to position research, marketing, finance and managerial jobs to anywhere. Goldman estimates the 2 trillion yuan in lending by trusts last year accounted for 10 percent of financing in the economy and a removal of credit flows from trusts would knock 0.8
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