Value of HRM

I NEED THIS IN ONE HOUR PLEASE.  DO NOT HANDSHAKE IF YOU ARE UNABLE TO DO THIS.  100 WORD RESPONSE TO THIS FORUM QUESTION.

What are your thoughts on the value an HRM with knowledge of other country's HR practices?  Do you see this as something more US based companies need in order to be competitive in a global economy?  Explain. 100 words.  This is a forum response.