Free Trade, Business Strategy and Globalization

Globalization is an issue that has captured the popular imagination, both positively and negatively. It has also been the focus for much academic research. The goal of this article is to anchor contemporary analysis of global strategy firmly in the classical mode of thought. The author supports that argument with two main lines of reasoning. The first identifies globalization as a further stage in the … [ Read more ]

The McKinsey Quarterly 2005 Special Edition: Fulfilling India’s Promise

Includes the following articles:

Checking India’s vital signs
A graphic look at the country’s economic progress and problems.

What executives are asking about India
The head of McKinsey’s Indian offices addresses the concerns of senior multinational executives.

How India’s executives see the world
Business leaders across India share an upbeat vision of the future while recognizing the obstacles ahead.

Winning the Indian consumer
Multinationals that successfully adapt their products to India’s … [ Read more ]

Gone Global

Why expanding overseas is your ticket to new markets, new ideas, and a world of adventure.

Editor’s Note: the bulk of this article is found in the sub-articles on the right side of the page:

  • My Awakening
    How an entrepreneur from Singapore opened my eyes to what I have to do to remain competitive in Springfield.
  • An On-The-Ground Look At Asian Competition
    You can’t avoid Asia’s gazelles by

[ Read more ]

The Flatbread Factor

To understand the life cycle of an emerging market, learn to decode its consumer products.

Mr. China: A Memoir

In the early 1990s, British businessman Clissold–with a passing knowledge of China and of Mandarin–found himself the point man between a group of Wall Street bankers with hundreds of millions to invest and a budding entrepreneur class in China strapped for cash and foreign expertise. This seemingly perfect marriage would become, as one investor put it, “the Vietnam War of American business.” By decade’s end, … [ Read more ]

Spotlight on Henri-Claude de Bettignies

In this issue of Spotlight, Professor Henri-Claude de Bettignies speaks to editor Sarah Powell about the development of China as a world power and the opportunities and challenges this offers to western businesses.

Mastering Import and Export Management

This publication provides practical information of general use to importers and exporters, especially ones dealing with the United States. The first section details the global supply chain, the second is devoted to export operations, with the third section covering import operations. Each section is filled with information and tips for managers regarding dos and don’ts, documentation, and suggested procedures.

The comprehensive appendix dominates two thirds of … [ Read more ]

How National Culture Influences Fit

In the business world, there’s a lot of talk about “fit.” “He failed to ‘fit’ into the corporate culture,” they might say, or “Yes, he ‘fits’ in well.” Despite so much conservation, little is known about how national culture affects this buzzword. For example, will a Taiwanese employee ‘fit’ better into a certain work environment than, say, a German? In the award-winning paper “Satisfaction With … [ Read more ]

The New Argonauts: Regional Advantage in a Global Economy

Argonauts, Saxenian’s mythic term for global commuters employed in the high tech sector, are not the ominous invaders American economic isolationists fear-stealing jobs and ideas from Americans and spiriting them abroad. Rather, Saxenian argues, such global entrepreneurs have created domestic and foreign jobs and reduced the cost of technology for businesses and consumers. Saxenian is at her best when describing the relatively short history of … [ Read more ]

Making Globalization Work

Stiglitz’s seminal Globalization and Its Discontents (2002) argued that globalization has not benefited as many people as it could, a failure attributable to structural flaws in international financial institutions as well as limited information and imperfect competition. With this selection, the Nobel Prize-winning economist suggests a host of solutions by which globalization can be “saved from its advocates” and made safe and worthwhile for the … [ Read more ]

Henry McKinnell

I have found that language is a great window into culture. Most expatriates aren’t in a country long enough to become fluent, but it’s certainly worthwhile to make an effort to learn the language. It becomes a way to understand a country’s customs and gain some insight into how things work.

The Economics of Worker Migration

Robert Flanagan’s look at the globalization wave of a century ago provides clues to the economics behind the current immigration debates.

Buying Strawberries in Winter: Globalization and the Gains from Variety

Over the past three decades, global trade has more than tripled the variety of international goods available to U.S. consumers. New research measures how consumers have benefited from this growth in variety.

Henri-Claude de Bettignies

We tend to underestimate the cultural dimension of managerial processes, techniques and tools…Just because something is best practice in one country does not make it necessarily transferable to another. This can be impossible when such practice is the product of the western culture, values and relationships embedded within an organization, and is significantly different from those emerging in China. Best practice and the management techniques … [ Read more ]

International Data Base (IDB)

The International Data Base (IDB) is a computerized source of demographic and socioeconomic statistics for 228 countries and areas of the world. The IDB combines data from country sources (especially censuses and surveys) with IPC’s estimates and projections to provide information dating back as far as 1950 and as far ahead as 2050. Because the IDB is maintained at IPC as a research tool in … [ Read more ]

The Productivity Riddle

Research finally links management skill to macroeconomic growth.

Sizing the Emerging Global Labor Market

As global labor markets become increasingly integrated, rational action by companies and countries will help facilitate the efficient clearing of supply and demand for jobs.

Currency Risk: To Hedge or Hedge Not?

In the global economy, treasurers increasingly need to know how and when to hedge against foreign exchange exposures.

Selling in China

China’s 1.3 billion consumers are at a crossroads. They are embracing new economic ideas and habits, and devouring goods that have long been unavailable, unaffordable or forbidden. At the same time, they are part of a culture and an economic system that remain quite different from those of developed countries. In this special report, experts from Wharton and Boston Consulting Group offer insights on how … [ Read more ]