This book argues that three powerful symbiotic forces (globalization, competitiveness, and governability) are disrupting business in the 21st century, resulting in an impact on the economic and business environment far greater than the effects of any of these three individually. Both globalization and competitiveness are governed essentially by market forces that force the introduction of significant changes aimed at increasing efficiency so that a better use may be made of the advantages of globalization (i.e., the traditional 'invisible' hand). Responsibility for bringing about these changes lies not only with the private sector but also with the government (i.e., the 'visible' hand).
Readers will find in this book an explanation of how globalization, competitiveness, and governability define the context of global business.
Ricardo Ernst is the Baratta Chair in Global Business and Professor of Operations and Global Logistics, Managing Director of the Global Business Initiative, Managing Director of the Latin American Board and former Deputy Dean, all at the McDonough School of Business, Georgetown University, USA. He is co-author of Innovation in Emerging Markets and Global Operations and Logistics.
Jerry Haar is a professor of international business and director of Executive & Professional Education in the College of Business at Florida International University, USA. He is also a Global Fellow of the Woodrow Wilson International Center for Scholars and a senior research fellow at Georgetown's McDonough School of Business. He is the author/editor of 17 books, including The Future of Entrepreneurship in Latin America and Innovation in Emerging Markets.
