A wave of globalization will hit Mississippi pretty hard today, as the folks from Toyota — and some 500 guests — hold a groundbreaking ceremony this morning for the new plant in Northern Mississippi announced in February.
In this era of growing protectionism, we can’t be reminded often enough of the global economy and its great positive impact on the US. Companies around the globe invest here because we have a huge consumer market and because we still have a climate that allows manufacturing to survive, despite the best (or worst) efforts of some in Congress.
The Toyota plant, you may recall, represents an investment of over $1 billion and when completed in 2010 will employ some 2,000 people.
So the next time you hear our buddy Lou or someone in his protectionist army rant about “globalization,” just remember that we are blessed to be in a country that benefits greatly from all that globalization has to hold.
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