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World peace projects

Jack Welch, in the previously cited interview, talks about world peace projects requiring complex information technology. In his first decade as General Electric s CEO, he approved many of these projects. His term world peace refers to the over-hyped promises made to sell the projects. When the promised results were never delivered, Welch became a lot smarter and certainly more skeptical. In his second decade as CEO, only projects that produced tangible, fast results moved forward. [Pg.40]

Out of this vision, powerful institutions of international development emerged snch as World Bank, hitemational Monetary Fnnd (IMF), Inter-American Development Bank (IDB), US Agency for International Development (USAID), and the Peace Corps. All of these either employed engineers or fnnded engineering projects in private companies contracted to carry ont development projects. [Pg.228]


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