The Evolving Global Economy

Publishers Weekly - Publisher's Weekly

Although the semblance of a global economy has been with us for some time, Ohmae (The Borderless World) claims here that a ``genuinely global economy really is something new under the sun. It observes laws and follows a logic all its own.'' This collection of 16 articles from the Harvard Business Review by a mix of business leaders, academics and journalists offers corporate managers strategies for dealing with it. Ohmae's ``Putting Global Logic First'' explores what he terms the demise of the nation-state and the shift to emerging economic region-states. Michael E. Porter (``Capital Disadvantage''), commenting on the decline of U.S. competitiveness, declares, ``The U.S. system first and foremost advances the goals of shareholders interested in near-term appreciation of their shares-even at the expense of the long-term performance of American companies.'' Other articles describe the global economy from the perspectives of Europe, China, Singapore, Japan and Korea. This collection offers a high-level tour of global economic issues for informed readers. Illustrations. (Oct.)

Booknews

A collection of 16 articles published in the Harvard Business Review between 1985 and 1995. Strategists, executives, and scholars from the public and private sectors examine current cross-border flows of economic activity. Their contributions are arranged in sections on alternative capitalisms, the borderless economy, the new realities of trade, and the management agenda. Annotation c. Book News, Inc., Portland, OR (booknews.com)

David Rouse

The influential and respected "Harvard Business Review" is a staple of any business collection. From time to time, the Harvard Business School Press collects noteworthy articles from the journal that deal with a significant or timely topic. This is the second collection in two years (the first was "Global Strategies" ) dealing with global business issues. Editor Ohmae, himself author of more than 40 books and twice a contributor to this collection, has selected 16 articles, all but four of which have appeared in the "Review" since 1990. They appear in four sections on alternative capitalism, the borderless economy, the new realities of trade, and the management agenda, respectively. Authors include such luminaries as Ira Magaziner, Gary Hamel, and Robert Reich.