Diversifying the Local Industry

This century will see the rise of local industry with global values and attributes. Business Development companies must prepare for this challenges and embrace innovation and local integration of technology. 

The capitals of each country will decline to see a more democratic and decentralized economics; and politics will need to follow those changes in order to maintain national unity and growth.

The United States is a setting example of this model and diversification of local industry is high in the major cities; still we have much to do for the sustaining of this ideals to untap the potential of cities like San Diego with its integration with Tijuana and both as thriving economic poles of both the US and Mexico. This region has a key potential to get into the hispanic and latin american market and export this model of partnerships to all of the Americas. 

Going back to diversification each city must have a policy of economic and business development. Such policy would embrace concepts as to telecommunications, media, entertainment, local raw material processing and reuse, manufacturing, commercial, logistics, fashion, construction, research and all the industries that could be developed in a city. 

Of Course there will be certain industries that cannot be part of every city; for this reason we must address self sufficiency and understand that research and development could give us the opportunity to create products and services that can tackle the challenges of self sufficiency. 

To provide such services we must enable crowdfunding, innovation, professional diversity focused on entrepreneurship and R&D, high tech incubators, industry focused services, marketing strategists, joint ventures and financial firms local branches or financial local firms. 

We still have many thing to do but knowing what we need to do is a key element in finding the solutions for the near future in business development and economic growth.

Find more about this and other topics in www.valqus.com