The Evolving Global Economy

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.)