The Changing Face of the Global Economy

Jeffrey Immelt began by saying that he had come to deliver a simple message: Europe had been very important to GE's past, and it was even more important to its future. GE is a European company, he said, with one-quarter of its worldwide assets, here. Since 1990 it had invested Euro 5 billion in Europe while employment had grown by 85 percent. But Mr. Immelt conceded that there was a strong need for better communication in Europe.