GE CEO Immelt's Clash of Capitalism With Trump

The transcript discusses GE's position in the global market amidst political changes, particularly under Trump's administration. It highlights GE's transformation and challenges in globalization, the impact of trade barriers, and the friction between business-friendly policies and protectionism. The conversation also touches on the broader implications for multinationals and small companies, emphasizing the need for a united Europe and the role of the U.S. in global trade.

What is the main shift in globalization strategy discussed by Immelt?

• Focusing on multilateral trade agreements

• Expanding into new continents

• Increasing domestic production

• Concentrating on individual countries

How is GE transforming its business focus?

• From oil services to banking

• From manufacturing to technology

• From dishwashers to oil services

• From real estate to finance

What challenge do small companies face in a protectionist environment?

• Lack of access to international talent

• Higher taxes on domestic sales

• Difficulty in exporting products globally

• Increased competition from multinationals

What strategy did Disney use to overcome market saturation in the US?

• Investing in new technologies

• Building a theme park in China

• Focusing on digital content

• Acquiring smaller companies

What role has the US traditionally played in global trade?

• A major importer of goods

• A global guarantor of trade

• A leading exporter of technology

• A supporter of regional trade agreements

What is the potential impact of building trade barriers?

• Increased global cooperation

• Enhanced economic growth

• Improved domestic employment

• Hindered international expansion

What is the conflict between business-friendly policies and protectionist measures?

• They both aim to increase exports

• They both focus on reducing taxes

• They have opposing impacts on trade

• They both support deregulation