The company, based in Riverside, Calif., has been expanding its manufacturing base and adding employees to meet rising demand for motor homes.
As a result, this slowdown should look more like the recession of the early 1980's, when New York suffered less than other parts of country because of its smaller manufacturing base, Mr. Hughes added.
"Secondly, by shifting manufacturing capacity from Spain to other countries like China, India and Brazil, we are able to lower our cost base," adds Calvet.
Its base adds to the grip.
The home Chinese market gives the company a vast, cheap manufacturing base, to which it adds other advantages such as stylish design and a world-class R&D centre.Bajaj Auto, based like Tata Motors in Pune, is another developing-country brand going global.
Daley focused on Chicago as a tourist destination as opposed to a manufacturing base, improved and expanded parkland, added flower planters along many primary streets, and oversaw the creation of Millennium Park on what had previously been an abandoned train yard.
But on a smaller scale, Hong Kong's own evolution from a low-cost manufacturing base to a hub for services with ever more value added (see chart 5) is almost as remarkable.
By contrast, Oklahoma has added a small number of jobs because its manufacturing base is focused on heavy machinery and other industries less damaged by the slow economy.
Much of the island's modest manufacturing base also folded in the face of global competition, further adding to the ranks of the unemployed.
He continues to work to add more to the $300 million he has already secured for various programs to expand research and development, and grow the manufacturing base through the Manufacturing Extension Partnership, the National Innovation Marketplace, Advanced Manufacturing Technology Consortia and the Advanced Manufacturing Initiative.
