Managing Globalization in the Age of Interdependance

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Notes based on Managing Globalization in the age of Interdependence, published 1995 by Pfeiffer & Company, San Diego, CA.

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.'


'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.