Two Worlds

According to Jim Owens,CEO of Caterpillar(CAT),we're seeing a bifurcated world.While Europe and Japan are slowing markedly,the emerging markets are doing extremely well.Their explosive demand continues.We have long been a champion of global engagement.It's important to continue with trade liberalization,opening markets to American exports.We export a lot of mining and construction equipment to Colombia.We really need to cultivate trade relationships.We are a large net exporter to China.Since the North American Free Trade Agreement,real Gross Domestic Product growth has accelerated in all three signatories-the U.S.,Canada and Mexico-Mr.Owens pointed out.