Ghemawat: Borders Matter
19 November 2007
| Peter Klein |
The world is still round, says Pankaj Ghemawat in his new book Redefining Global Strategy: Crossing Borders in a World Where Differences Still Matter (HBS Press, 2007). Here’s an interview that lays out the main argument. FDI, for example, is growing, but remains only about 10% of total global investment. If the world is flat, asks Ghemawat, why isn’t it much more? The answer is institutions, though the exact mechanisms by which the institutional environment contributes to home-country bias are unclear. (Thanks to Marshall Jevons for the video pointer.)
See also Ghemawat’s blog posts on global strategy from the HBS Discussion Leaders site.
Entry Filed under: - Klein -, Institutions. .
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