The Great Lakes states are undergoing a major economic transformation. In the past, we created wealth through large, hierarchical organizations. These First Curve industrial businesses generated enormous wealth by moving large volumes of products: coal, steel, automobiles.
Beginning in the 1980s, the accelerating integration of global markets placed these businesses under increasing pressure. Lower-cost locations provided high-volume products, which displaced U.S. manufacturers. Large U.S. companies began shifting production to these lower cost locations in a continuous search for competitive advantage.
To cope with these changes, we need to first understand the nature of these shifts. Next we need to devise new strategies -- strategies that leverage the exponential power of networks.
Read more in this overview.