Vladimir Putin

Cordiner, Ralph Jarron

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A brief personal background. Acting on Ambassador Stuart's suggestion concerning the value of the interchange of viewpoints, an exploration and discussion of problems existing in the United States, with emphasis on a few examples of problems which can be turned into opportunities for continued growth and progress if we can reach agreement upon the correct long-range answers. Misunderstanding of United States opinion and reasons for that misunderstanding. Amazement expressed by Canadian visitors to viewpoints voiced on the floors of the House of Representatives and the Senate, contradictory to impressions gained from discussion with friends and business associates in New York City and Washington, D.C. Other reasons for confusion. Americans, like Canadians, great believers in the freedom of thought and expression; hence differences of opinion expressed. One man's opinion as to what lies ahead in the U.S. economy. Looking of the U.S. economy and economic growth of the next ten years; putting it in proper perspective. Figures regarding the Gross National Product of the United States. Recognition of the dynamic factors in the U.S. economy, occasioning the spending of great sums of money on projects designed to serve the needs of U.S. citizens in all classifications. Large-scale programs being implemented. The U.S. tradition of mobility, and the mistake by industry of ignoring it. The importance of taking new industrial employment to communities where there are available workers. The desirability of geographical decentralization. Factory expansion in new locations. The failure in some segments of the population to realize that long-term growth and prosperity depends upon the degree to which our large corporations are managed in the balanced interests of our customers, our share owners, our employees, our suppliers, the public and their servants, the Government. The need for better understanding that the real opportunity to create more employment is by putting more and more effort and attention upon research and advanced engineering development. A response to the question "What can I do with regard to my own operations to attain a portion of that growing opportunity in the United States?" The question of trade and commerce. The establishment of the Canadian General Electric Company, Ltd., in 1892. Post-war expenditures of the General Electric Company in the U.S., with a major emphasis placed on research and advanced development laboratories and on new processes and equipment. Other developments at CGE. Canada and the U.S. benefitting from the interchange of knowledge which Ambassador Stuart has urged upon us.