S is like comparing a professional major league team

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Unformatted text preview: ose jobs, the U.S. must import technology and even management expertise lost to the U.S. during the railways’ decline. Many prime partners in this are likely to come from Europe, whose manufacturers and rail operators are global leaders. They in turn could face stiff competition from Japan, home to the pioneering bullet-train, and from South Korea; even China is trying to offer a cheap version of this technology, which it does not even have yet. So far, however, the European model has been to the forefront in new U.S. thinking, notably French Railways, which has helped neighboring countries develop their own high-speed systems linked to the TGV. So, European companies seem poised to participate profitably in delivering momentous change for Americans. A sign of the reviving interest in general in rail transport was the decision last year by Warren Buffet, a renowned American investor, to buy a railroad, albeit one that specializes in freight, not passenger traffic. Over recent decades, abortive efforts to introduce new and better rail links in the U.S...
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This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas.

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