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September 12, 1995 | John Burton, The Financial Times
The California economy produces more goods and services annually than Canada. And with each passing year, its prosperity becomes increasingly linked to its success in the global economy. As the state approaches a new millennium, it faces challenges that will help determine whether it will become an even bigger economic force in the world or whether it will fade amid mounting problems at home. Financial Times correspondents, based both here and in capitals abroad, give their impressions on the California economy through a special lens.
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NEWS
September 12, 1995 | AMY HARMON, TIMES STAFF WRITER
The first half of the 1990s brought us Siliwood, the concept. It was a big concept, the coming together of Silicon Valley and Hollywood, the merging of California's most celebrated industries into a whole that would be greater than the sum of its parts. But it is the remainder of the decade that will determine how Siliwood, the reality, will materialize and whether the cyber-age puree of technology and entertainment will make a difference to the state's economy and the lives of its residents.
NEWS
September 12, 1995
Toffler argues that California needs to capitalize on its ethnic diversity. "Rather than looking at ethnic difficulties as purely sources of trouble, they are resources we can use in penetrating the most vibrant markets in the world--Asia to the west and Mexico and Latin America to the south.
NEWS
September 12, 1995 | JAMES FLANIGAN
One of the more perplexing aspects of California is its sense of impermanence, the fear inside the state that its economy will dry up and blow away. Then there is the smug belief--indeed, the green-eyed hope--in the rest of the country that prosperous California will go into long-term decline. The truth is very different. California's economy is not only big--it's the seventh- or eighth-largest in the world, with almost $900 billion a year in total output. It is a driving force of the whole U.S.
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