Azim Premji Quotes
Our experience is that it is not terribly difficult to do business in China. But the issue is, how much stability do you have in terms of what you negotiate up front and when you've got your feet and your investments on the ground.
Premji, Azim. "Azim Premji on the Wipro Way." Knowledge@Wharton, University of Pennsylvania, 22 Apr. 2009.
He was commenting on the many Western businessmen who lost money in unwise Chinese investments at the end of the 20th Century and the early 21st.
The last sentence of this quotation was very typical of many middle and even upper middle class Americans in 2016. Change, technological, social and political, was evident almost everywhere and unlike most change of the past, where the change took place over extended periods of time, change was occuring much faster. Voss, like so many others, was feeling overwhelmed, and powerless to control her own life adn destiny. She clearly still had much control over much of her life as her business wold not even exist were it not for the ideas and ahrd work of Casey and her partners, but compared to just decades ago the forces of change were so dynaic that many American felt as she did--that EVERYTHING was out of her control.
The United States was desirous of providing assistance to the Benito Juarez Republican government of Mexico. Both governments were desirous of American foreign investment in Mexico. However, the Juarez government was not in real control of Mexico. State and local government, many corrupt, seized foreign owned business property, reneged on agreements. Others tried to regulate some of the abusive labor employment practices that some American firms had practiced. But little of this, both reasonable and not, was with the consent and even knowledge of the Mexican national government. Capen’s basic observation, so relevant to economic development in modern times was prescient and fundamental to the development of the third world and even the former Soviet Union. If there is insufficient government protection for business, then the high risk will drive out investors who would take reasonable returns. The only investors would then require very high returns, which themselves would inhibit the very growth and development that we want to stimulate.
Azim Hashim Premji is an Indian business tycoon, investor, engineer, and philanthropist, who was the chairman of Wipro Limited. Premji remains a non-executive member of the board and founder chairman. He is informally known as the Czar of the Indian IT Industry. He was responsible for guiding Wipro through four decades of diversification and growth, to finally emerge as one of the global leaders in the software industry. In 2010, he was voted among the 20 most powerful men in the world by Asiaweek. He has twice been listed among the 100 most influential people by TIME Magazine, once in 2004 and more recently in 2011. For years, he has been regularly listed one among the 500 Most Influential Muslims of the world.
