With this “pill” I want to provide you with some brief considerations on the “selective growth”.

2010 has surely been significant. In fact, it has been a difficult year for the economy of Western countries, a year of strong growth for the Far East and a good year in terms of development for Latin America. In a nutshell, the above is the new picture of the world economy. The areas of the world that are hungry for well-being are the major competitors of our tired West as well as being our production and trade partners, and consumers of our products and services, hence financing of our economies.

In other words, the bitterness of the confrontation is outweighed by the interdependence of the global economy. In this context, courage is imposed, otherwise decline is the outcome. Growing in terms of size and culture becomes a must as some captive situations gradually vanish and thus the size and efficiency of the company will count increasingly more. The higher costs of our products will move us towards larger economies of scale through consolidation. Like it or not, mergers and acquisitions will be necessary. Moreover, we can still be competitive in providing services and high technology. The earthquake of this crisis has been profound, but who has endured has great opportunities ahead.