On Globalization


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On Globalization
1010204On Globalization 2001Let me start out by saying that maybe six weeks ago I had a visit from an old student. Forty years ago, he was a young Taiwanese. In the meantime, he has built a very successful business in Taiwan, and for the last seven years or so has been in Shanghai, where he is now head of a very large joint-venture firm. And I asked him, "What has happened? What's the most important thing that has happened in China the last three to five years?" And he thought for about five seconds and then said, "That we now consider owning an automobile a necessity and not a luxury." That is what globalization means.It is not an economic event; it's a psy…
Citation
Rick Wartzman: Drucker Lectures: Essential Lessons on Management, Society and Economy. On Globalization, Chapter (McGraw-Hill Professional, 2010), AccessEngineering Export