Managing Globalization

Introductory Quotation:

In Managing Globalization in the Age of Interdependence, best-selling

author George C. Lodge, Jaime and Josefina Chua Tiampo Professor of Business

Administration at the Harvard Business School, tackles an issue of worldwide

proportions - the tensions created by globalization, the growing interdependence

of the earth's 5.5 billion people.

Globalization is the process forced by global flows of people,

information, trade, and capital. It is accelerated by technology, potentially

harmful to the environment - and at the present, driven by only a few hundred

multinational corporations. Lodge describes and analyzes the process on a truly

global level, looking at the relationships among the world's economic,

technological, political, and cultural aspects to provide more realistic

insights than purely management-based books on the subject.

Business in tandem with government must develop safe new institutions to

manage global tensions. And communitarianism, or collective leadership among the

world's peoples, he says, is the challenge of globalization."

Introduction:

"Globalization is a fact and a process. The fact is that the world's

people and nations are more interdependent than ever before and becoming more so.

The measures of interdependence are global flows of such things as trade,

investment, and capital, and the related degradation of the ecosystem on which

all life depends, a degradation that constantly reminds us that we are all

passengers on a spaceship, or, more ominously, a lifeboat" (p. XI)

"Globalization is a promise of efficiency in spreading the good things

of life to those who lack them. It is also a menace to those who are left behind,

excluded from its benefits. It means convergence and integration; it also means

conflict and disintegration. It is upsetting old ways, and challenging cultures,

religions, and systems of belief." (p. XI)

"In spite of many variations and differences, an ideological framework

can be composed so that globalization may serve the cause of humanity." (p. XV)

Structure:

The book is written in 5 chapters: The Phenomenon of Globalization, The

Collapse of the Old Paradigm, Global Leadership, The Basis for Global Consensus

and World Ideology: Variations on a Communitarian Theme.

Chapter 1: The Phenomenon of Globalization

"Globalization is the process whereby the world's people are becoming

increasingly interconnected in all facets of their lives - cultural, economic,

political, technological, and environmental." (p. 1)

"Japan typifies the Asian model in many respects. Its economy is

externally focuses; aims at gaining market share in the world economy through

exports. Most importantly, it is oriented toward strengthening its producers

rather than encouraging consumers." (p.10)

"Convergence is both forced and facilitated by global information

systems, televisions, faxes, fiber optics and the like." (p. 11)

"Americans have been ideologically averse to government involvement in