Commoditize (v): The act of making a process, good or service easy to obtain by making it as uniform, plentiful and affordable as possible. Something becomes commoditized when one offering is nearly indistinguishable from another.
China is the third largest U.S. export market and is expected to continue the 468% growth in exports that has marked the decade from 2000. In 2010, America sent China goods worth some $91.9 billion. Where exactly are these exports coming from?
The famed management guru Tom Peters once said, "Do what you do best and outsource the rest." Thanks to low costs abroad, many firms have chosen to outsource much of their manufacturing capacity over the past few decades.
According to The Economist, "The home of laissez-faire is being suffocated by excessive and badly written regulation." The point is not that America has an overwhelming amount of bad regulation, though the ex