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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 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
In a future when fun will be increasingly cyber, virtual or morphinominal, recreational may mean technological too. We're talking techno-tourism. But while technology will surely add some zing to California's huge and competitive tourism industry, there is a danger: What if virtual tourism reduces actual tourism? Still, technology's march is relentless.
NEWS
September 12, 1995
As a small-business owner, Robinson argues that the single most effective way to improve the California economy over the next several years is for entrepreneurs like himself to band together to gain economic clout. He adds that access to financing remains the most critical problem for small businesses.
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