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NEWS
September 12, 1995 | Louise Lucas, 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 | 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.
NEWS
September 12, 1995 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
California in the next century may look a little like KSCI-TV, Los Angeles' Channel 18. The UHF television station airs programming in 18 languages reaching 2 million households each week in Southern California. Its work force is growing and diverse. And the 24-hour station, whose programming is carried around the country by its sister cable outlet, the International Channel, has discovered that diversity is profitable.
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
This special report--"The Next California--The State's Economy in the Year 2000,"--marks the first editorial collaboration between the Los Angeles Times and the Financial Times of London. The aim is to offer readers of both newspapers special insights into what the future holds for California--home to world's seventh-largest economy. From vantage points within the state, Times staff writers analyze the dominant business and financial forces at work.
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