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CURRENT SITUATION
• Slow global economic growth
• Developed markets in US/Canada and
  Western Europe are flat or declining
• Ever-rising costs cause substantial permanent margin erosion
• China is no longer the most attractive place for low-cost manufacturing

SEARCH FOR DEVELOPING
AND EMERGING MARKETS
• Difficult market identification
• Barriers to entry
• Cultural, legal and business challenges
• Instability concerns

ASIAN MARKETS, ESTABLISHED AND EMERGING, ARE THE MOST LUCRATIVE
FOR GROWTH OPPORTUNITIES
• Explosive growth
• Huge population size and market potential
• Manufacturing base/outsourcing opportunity