Going Global

CW’s cover story this week surveys the stories and trends that had the biggest impact on industry over the past 10 years ( p. 20). The overarching trend was globalization, which advanced rapidly despite two recessions and fears of backlash against globalization after 9/11. Consolidation and de-consolidation, acquisitions, and regulatory action also changed the industry over the past 10 years. China’s chemical output has grown almost seven fold over the past 10 years, to an estimated $600 billion in 2009, according...

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