The scarcest commodity both in young nations and in old European nations that feel the need to learn new industrial ways is often neither labor nor raw materials; it is well-trained business managers. With 176 graduate schools of business turning out eager beavers, the U.S. is well supplied with business talent, but many other countries have to scramble to get the managers they badly need. Many nations that once scorned business schools as mere trade schools are now opening some of their own. Most are patterned after U.S. business schools, particularly after...
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