ILMA Compoundings April 2018 - 40

to China: If you don't protect our software from theft, we
won't protect your gadgets when they arrive on our docks.
Third, use a crowbar to open promising sectors in foreign
markets. Let me suggest a natural fit for Trump: construction. Gaining approval to build Trump Tower on New
York's Fifth Avenue demonstrated a black belt in bureaucratic infighting. It required negotiating with historical
commissions, plumbers unions, doormen unions and fire
inspectors, not to mention shoppers at nearby Tiffany &
Co., who worried they'd miss their view of the 287-carat
diamond worn by Audrey Hepburn at breakfast. Trump
should fight against Chinese regulations that discriminate
against American engineers, designers and builders. Sure,
there are cultural barriers, but anyone who has mastered
computer-aided design or manufacturing can learn feng
shui. World-class engineering firms such as Jacobs, Fluor
and Bechtel pay high salaries and form the nexus of human,
financial and physical capital.
Fourth, recognize that trade is foreign policy, too. Convinced that the Soviet Union was teetering, Reagan denied

it advanced technology and kept the Soviet war machine a
generation behind. As Beijing sends its first aircraft carrier
sailing past disputed artificial islands built in the South
China Sea, and as Russian President Vladimir Putin boasts
of nuclear-powered cruise missiles, the U.S. must keep a
technological edge.
An excessively rash trade policy accompanied by too much
bluster could backfire for Trump. Americans could end up
facing higher prices, shoddier goods and angrier foreign
neighbors. But we'll have to take some risks to keep America
safe, prosperous and united. Is Trump ready to roll the dice
in order to win at trade diplomacy?
Buchholz, former White House director of economic policy and
managing director of the Tiger hedge fund, is the author of The Price
of Prosperity: Why Rich Nations Fail and How to Renew Them
(HarperCollins). He was awarded the annual teaching prize at Harvard
and is co-producer of the Broadway smash Jersey Boys. Buchholz is the
keynote speaker for the ILMA 2018 Management Forum. Follow him
online @econTodd or www.econtodd.com.

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40

APRIL 2018

| COMPOUNDINGS | ILMA.ORG

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Table of Contents for the Digital Edition of ILMA Compoundings April 2018

LETTER FROM THE PRESIDENT
LETTER FROM THE CEO
INSIDE ILMA
WHAT’S COMING UP
INDUSTRY RUNDOWN
In the Know
International Insight
Market Report
DO DISRUPTIONS DAMAGE DURABILITY?
REAGAN’S TRADE LESSONS FOR TRUMP
MINING FOR SUCCESS
COUNSEL COMPOUND
WASHINGTON LANDSCAPE
IN NETWORK
Member Connections
Cross Connections
PORTRAIT
ILMA Compoundings April 2018 - Cover1
ILMA Compoundings April 2018 - Cover2
ILMA Compoundings April 2018 - 1
ILMA Compoundings April 2018 - 2
ILMA Compoundings April 2018 - LETTER FROM THE PRESIDENT
ILMA Compoundings April 2018 - 4
ILMA Compoundings April 2018 - LETTER FROM THE CEO
ILMA Compoundings April 2018 - INSIDE ILMA
ILMA Compoundings April 2018 - 7
ILMA Compoundings April 2018 - 8
ILMA Compoundings April 2018 - 9
ILMA Compoundings April 2018 - 10
ILMA Compoundings April 2018 - 11
ILMA Compoundings April 2018 - WHAT’S COMING UP
ILMA Compoundings April 2018 - 13
ILMA Compoundings April 2018 - INDUSTRY RUNDOWN
ILMA Compoundings April 2018 - 15
ILMA Compoundings April 2018 - In the Know
ILMA Compoundings April 2018 - 17
ILMA Compoundings April 2018 - International Insight
ILMA Compoundings April 2018 - 19
ILMA Compoundings April 2018 - Market Report
ILMA Compoundings April 2018 - 21
ILMA Compoundings April 2018 - 22
ILMA Compoundings April 2018 - 23
ILMA Compoundings April 2018 - 24
ILMA Compoundings April 2018 - 25
ILMA Compoundings April 2018 - 26
ILMA Compoundings April 2018 - 27
ILMA Compoundings April 2018 - DO DISRUPTIONS DAMAGE DURABILITY?
ILMA Compoundings April 2018 - 29
ILMA Compoundings April 2018 - 30
ILMA Compoundings April 2018 - 31
ILMA Compoundings April 2018 - 32
ILMA Compoundings April 2018 - 33
ILMA Compoundings April 2018 - REAGAN’S TRADE LESSONS FOR TRUMP
ILMA Compoundings April 2018 - 35
ILMA Compoundings April 2018 - 36
ILMA Compoundings April 2018 - 37
ILMA Compoundings April 2018 - 38
ILMA Compoundings April 2018 - 39
ILMA Compoundings April 2018 - 40
ILMA Compoundings April 2018 - 41
ILMA Compoundings April 2018 - MINING FOR SUCCESS
ILMA Compoundings April 2018 - 43
ILMA Compoundings April 2018 - 44
ILMA Compoundings April 2018 - 45
ILMA Compoundings April 2018 - 46
ILMA Compoundings April 2018 - 47
ILMA Compoundings April 2018 - COUNSEL COMPOUND
ILMA Compoundings April 2018 - 49
ILMA Compoundings April 2018 - 50
ILMA Compoundings April 2018 - 51
ILMA Compoundings April 2018 - WASHINGTON LANDSCAPE
ILMA Compoundings April 2018 - 53
ILMA Compoundings April 2018 - Member Connections
ILMA Compoundings April 2018 - 55
ILMA Compoundings April 2018 - 56
ILMA Compoundings April 2018 - 57
ILMA Compoundings April 2018 - Cross Connections
ILMA Compoundings April 2018 - 59
ILMA Compoundings April 2018 - 60
ILMA Compoundings April 2018 - 61
ILMA Compoundings April 2018 - 62
ILMA Compoundings April 2018 - 63
ILMA Compoundings April 2018 - PORTRAIT
ILMA Compoundings April 2018 - Cover3
ILMA Compoundings April 2018 - Cover4
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