"China and the New World Order: How Entrepreneurship,Globalization, and Borderless Business Are Reshaping China and the World"
Average customer rating: 5 out of 5 stars
  • Cooking With the Iron Rice Bowl
  • The most important book I read in the last 5 years
  • Is a new world order in the making?...It might just happen.
  • Insightful and Intelligent
  • Prepare for the Dragon Market - Winston Ma, Author of "Investing in China: New Opportunities in a Transforming Stock Market
"China and the New World Order: How Entrepreneurship,Globalization, and Borderless Business Are Reshaping China and the World"
George, Zhibin Gu
Manufacturer: Fultus Corporation
ProductGroup: Book
Binding: Paperback

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ASIN: 1596821078

Book Description

China is the world's number-one growth story now. But how is it that China has achieved such quick growth in this era? How is it that made-in-China products can flood the globe? Is a trade war going to happen? Or is a new world order in the making? This second volume of a trilogy-by Chinese journalist/consultant George Zhibin Gu-aims to answer these questions and more.

Today, more than a half-million overseas companies conduct business inside China. Learn about all the opportunities this exploding market presents, including banking, insurance, and stock market, as well as the yuan and trade and cross-border business issues. Moreover, it contains extensive studies on China's political-economic reform as well as evolving international relations.

This volume addresses eight key topics:

I. China's New Role in the World Development
II. The Yuan, Trade, and Investment
III. China's Fast-Changing Society, Politics, and Economy (in light of Chinese and global history)
IV. China's Banking, Insurance, and Stock Market Reforms
V. Chinese Multinationals vs. Global Giants
VI. The Taiwan Issue: Current Affairs and Trends (federation as an alternate way for unity)
VII. India vs. China: Moving Ahead at the Same Time
VIII. The Japan-China Issue: Evolving Relations in Light of History

Today, all nations increasingly rely on one another for development, a trend that will only strengthen as time passes. As a saying goes, "The future is being shaped today." This book will appeal to readers everywhere regardless of their particular interests.

Customer Reviews:

5 out of 5 stars Cooking With the Iron Rice Bowl.......2007-03-27

Part reference, part musing, part insightful and timely analysis, George Zhibin Gu's latest book "China and the New World Order: How Entrepreneurship, Globalization, and Borderless Business are Reshaping China and the World" is a welcome and refreshing read among the endless new titles printed on China today.

Picking up on a focus of his previous book "China's Global Reach...," Gu goes further and identifies the chief impediment to China's latest and perhaps most difficult transition as the Chinese state itself. Gu reveals the seemingly historical inevitability of China's vast government apparatus but explains that Communist Party bureaucracy is unique in Chinese experience in the size and scope of its all-encompassing control.

In topics relative to today's readers Gu ably demonstrates through the book that changes in China come from the revived entrepreneurial instinct of the Chinese. Along with huge foreign investment China's ever-growing private sector is the outside influence that is challenging Chinese bureaucracy as never before. But while the Chinese people struggle to create a law-based society and break the bureaucracy's grip on all aspects of economic life, the Chinese state seeks an equal footing among world national powers.

"China and the New World Order" is nicely segmented into short but highly relevant chapters. As in his earlier works Gu deftly examines the pros and cons of numerous hot-button issues on China. For example he takes on the Taiwan - China knot and proposes an interesting solution, a federation or federal system as a means toward meaningful (and mutually beneficial) reunification although his federal system shares more similarity to a commonwealth in the opinion of this reviewer. Gu's look at delicate state of Japan and China relations reveals that Japan remains as apprehensive over Chinese growth and potential as it was in the past. In examining the India versus China debate Gu shows that there is far less competition (as Western press prefers to portray it) and more similarities between the two giants of Asia.

There is plenty of current information here and the detailed contents and summaries make the book a good quick reference for anyone with an interest in what's happening right now in China. And there are goodies such as a lengthy interview with Mark Mobius and a foreword by Hoover Institute fellow William Ratliff.

At one point in his analysis, Gu intriguingly compares the struggle in China to the old European church-state alliance. With that view in mind, what may be needed next and with luck what Chinese entrepreneurs may succeed in bringing is a Chinese "Glorious Revolution."

5 out of 5 stars The most important book I read in the last 5 years.......2006-12-25

This new book from Dr. George Zhibin Gu is a geo-economics and geopolitical masterpiece from an insider, someone that thrives his consulting work and daily life inside China, not writing or comment from a comfortable chair in London or New York paid by a western think tank, or only for academic proposals. His challenge is to write for a broad audience out of China. I must refer his clever suggestions about Taiwan - a political proposal for a a federation - and the way he sees the go global from Chinese emergent multinationals. It is needed a lot of courage for an insider to be so clear in his proposals and to identify the old Chinese problem - bureaucracy, the same that stopped admiral Cheng Ho and the Discoveries in the XV Century, that closed China for so many centuries and gave an opportunity for foreign powers to humiliate China, hyper-bureaucracy that in the Mao period pulled China for chaos and economic and social distress. China and the New World Order is a must reading. Jorge Nascimento Rodrigues, editor of www.gurusonline.tv and translator of Made in China (published in Portuguese language).

4 out of 5 stars Is a new world order in the making?...It might just happen........2006-12-15

Base on the number of book in relation to this matter so far I believe that no one has come close to capturing "new China's" spirit and meaning as Gu. After reading his second volume I found it to be hugely insightful on the current events of China and global affairs. It greatly explores the key factors that shape Chinese and global development in the next stages. It gives tremendous info and analysis on the Chinese government, politics, business and economy for any one's interest.

There's a huge amount of info on foreign businesses inside China. You will be able to see about twenty five American and global multinationals inside of China that are studied. In the meantime it gives us a very provocative analysis on China's new role in the world. Gu details this general picture of how China is walking away from a practical society and embracing an open, restless and dynamic society. It claims that an overextended, self-appointed bureaucracy remains the key problem for China. To overcome countless technical barriers, greater openness, entrepreneurship and global involvement is all needed. Again, it's very insightful on the issues between China, Taiwan, Japan, India and West. I will add that his analyses on Japan-China line up are very interesting as well as Taiwan. There' a tremendous amount of info and analysis on China's financial, banking, insurance and stock market.

Author George Zhibin Gu is a very outspoken and a well known Chinese journalist who has generally covered mergers and acquisitions, capital activities, business expansion, and restructuring. He's an insider who gives us scrupulous examination on current China and global affairs which is more than a reason why you should grab hold to this book.

5 out of 5 stars Insightful and Intelligent.......2006-12-11

George Gu provides a depth of understanding that distinguishes his work from most other business books. His wide network of contacts gives insight into emerging trends. He provides useful context that western authors often lack and Chinese authors frequently take for granted.

5 out of 5 stars Prepare for the Dragon Market - Winston Ma, Author of "Investing in China: New Opportunities in a Transforming Stock Market.......2006-11-07

For the international investor community, "Investing in China" in the new century is more or less a one-way investment and capital flow. Mr. Gu's book, however, looks one step further to explore how all these interactions would reshape the global horizon, both for China and the rest of the world.

In fact, China's outward influence is increasingly obvious. For instance, whether China would diversify its foreign currency reserve -- and consequently whether China will enter into the gold market to hedge its US dollar exposure -- has profound implications in the global financial markets.

Comparing to many other books on China, Mr. Gu's book has a truly "authentic Chinese" flavor. The reason is obvious: He is an INSIDER. As a native Chinese, he captures the spirit of China's latest developments in its not-too-short historic context.
Rewarding Excellence : Pay Strategies for the New Economy
Average customer rating: 5 out of 5 stars
  • The Key Theme of Today's Reward System.
Rewarding Excellence : Pay Strategies for the New Economy
Edward E. Lawler III
Manufacturer: Jossey-Bass
ProductGroup: Book
Binding: Hardcover

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ASIN: 0787950742

Book Description

In this work, acclaimed management expert Edward Lawler tells companies what they can do to meet today's "rewards systems challenge"--attracting and retaining talented employees in a market where the employees hold the upper hand. Here, Lawler outlines a creative compensation system that recognizes employee knowledge and skill as a critical aspect of an organization's net worth. In basing his system on the individual employee's value to the organization, Lawler introduces an approach to compensation that simultaneously motivates employees to higher levels of performance and increases shareholder value.

To read the introduction from this book, click here.

Customer Reviews:

5 out of 5 stars The Key Theme of Today's Reward System........2000-02-28

Rewarding Excellence is truly a fascinating study that is more about how to design and manage complex organizations than how to pay individuals.

As argued by Lawler, "the old reward practices and systems that worked well in nationally focused, bureaucratic, capital-intensive, hierarchical, steady-state, near-monopoly corporations such as the old General Motors and AT&T simply don't fit the realities of today's business environment. Dramatic change is needed, and it is not difficult to identify what the key theme of today's reward systems should be : a focus on rewarding excellence. Many factors argue for excellence being the number-one focus of any organization's reward system, including the ability to attract and retain the best people and to motivate the kind of performance that an organization needs in order to succeed in the new economy."

In this context, Lawler :

* argues that organizations should adopt a new logic of organizing that recognizes the new competitive realities and that today's key sources of competitive advantage are human capital, core competencies, and organizational capabilities.

* shows why the old reward systems, which focus on jobs and merit pay, don't do an adequate job of developing and motivating either individuals or organizations.

I highly recommend this excellent study to all executives and HR professionals.
Strategic Management in the Knowledge Economy: New Approaches and Business Applications
Average customer rating: 5 out of 5 stars
  • A useful summary of alternative approaches
  • Excellent
  • Just excellent!!
  • Just Excellent!!
Strategic Management in the Knowledge Economy: New Approaches and Business Applications
Marius Leibold , Gilbert J. B. Probst , and Michael Gibbert
Manufacturer: Wiley-VCH
ProductGroup: Book
Binding: Hardcover

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ASIN: 3895781681

Book Description

Strategic Management may be classified as the managerial science of how to lead and enable business organizations to achieve its stakeholders' objectives in a rapidly changing competitive and collaborative environment. With new strategic management requirements, new business management models arise, based on knowledge, networking and innovation.

Designed both for advanced students and business managers, this book presents a unique selection of the most recent thinking and applications regarding strategic management of business organizations in the increasingly global and networked knowledge economy.

Setting a new benchmark in the field of strategic management literature, the book links advanced new theory in strategic management with practical business illustrations. Joining high-level concepts with business applications, carefully selected articles by world-recognized authors are combined with case studies of world-recognized international businesses (Siemens, DaimlerChrysler, Canon, British Airways, Philips, Xerox, HP, IBM, etc.).

Customer Reviews:

4 out of 5 stars A useful summary of alternative approaches.......2005-02-23

This book is part authored and part edited, in that many of the sections are reprinted from other sources, with authors including Peter Senge, Michael Porter, Gary Hamel and others.

It consists of six chapters, each with an original authored section, one or more reprinted articles, and case studies. It is primarily designed as an academic textbook, but some of the sections provide useful summaries for practitioners.

Those whose experience of strategic planning is limited to traditional approaches will find the summaries of alternative approaches and their application useful and enlightening. Those who are familiar with the modern range of approaches may find the book provides a useful overview of alternative approaches to strategy and why some work better than others, and also some useful tools. As with all books of this kind, one is left to wonder whether the success of strategies outlined in the case studies is the result of superior technique or analysis, or simply a happy accident, and what lessons can be learned from the cases by those faced with developing a strategy for their own business.

One notable lack is the absence of any discussion of the role of scenarios in the development of strategies. 

5 out of 5 stars Excellent.......2003-07-14

I am a student of Professor Leibold, and this book was essential in helping me pass his course. I recommend it to anyone studying strategic management, or developing a corporate strategy.

5 out of 5 stars Just excellent!!.......2002-12-18

Very nice book! The case studies and approaches are very helpfull to make the link bewtween both strategic management and knowledge management.

5 out of 5 stars Just Excellent!!.......2002-12-17

In general I do not find myself reviewing management books, but this one really deserves my perfect appreciation. It helped me a lot in developing some basic ideas and adapting them to the cited industries.
Managing in the New Economy (Harvard Business Review Book Series.)
Average customer rating: 4 out of 5 stars
  • Helps Readers Make Sense of the New Economy
  • Heavy on Managing, Light on New Economy
Managing in the New Economy (Harvard Business Review Book Series.)

Manufacturer: Harvard Business School Press
ProductGroup: Book
Binding: Hardcover

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ASIN: 1578511860

Book Description

As the Harvard Business Review's strategy editor, Joan Magretta has helped readers to see beyond the hype that surrounds the much-discussed but frequently misunderstood "new economy." Her work with the world's most influential business thinkers and executives has shaped our understanding of the practical issues of leadership, organization, and strategy that every manager must confront in this emerging era. Now, Magretta selects some of the most perceptive articles and interviews from the Review in a collection that will help readers make sense of the new managerial agenda.

With its balanced coverage, Managing in the New Economy helps us sort out what is truly new about the new economy and what endures from the old. The articles are organized around important managerial issues, revealing how the dynamics shaping the new economy are changing both managers' priorities and the tools they use to make decisions. Part I addresses the principal issues of strategy, analysis, and competition. In Part II, Magretta turns our attention to the new realities of leadership and organization. Part III brings these issues to life as three CEOs describe how their organizations are tackling the challenges of managing in the new economy.

With renowned contributors--from writers such as Michael Porter, C.K. Prahalad, and Peter Drucker to business leaders such as Michael Dell--this invaluable collection explores the new mind-set executives in every industry must embrace in order to keep pace with the trends in technology, networks, knowledge, and globalization that are shaping the new economy. A Harvard Business Review Book.

Customer Reviews:

5 out of 5 stars Helps Readers Make Sense of the New Economy.......2000-01-12

As the Harvard Business Review's strategy editor, Joan Magretta helped readers to see beyond the hype that surrounds the much discussed but frequently misunderstood "new economy". Her work with the world's most influential business thinkers and executives has shaped our understanding of the practical issues of leadership, organization, and strategy that every manager must confront in this emerging era. Now, Magretta selects some of the most perceptive articles and interviews from the Review in a collection that will help readers make sense of the new managerial agenda.

With its balance coverage, Managing in the New Economy helps us sort out what is truly new about the new economy and what endures from the old. The articles are organized around important managerial issues, revealing how the dynamics shaping the new economy are changing both manager's priorities and the tools they use to make decisions. Part 1 addresses the principal issues of strategy, analysis and competition. In Part II, Magretta turns our attention to the new realities of leadership and organization. Part III brings these issues to life as three CEO's describe how their organizations are tackling the challenges of managing in the new economy.

With renowned contributors-from writers such as Michael Porter, C.K Prahalad, and Peter Drucker to business leaders such as Michael Dell-this invaluable collection explores the new mind-set executives in every industry must embrace in order to keep pace with the trends in technology, networks, knowledge, and globalization that are shaping the new economy.

Joan Magretta is a writer and consultant based in Cambridge, Massachusetts. She was the Harvard Business Review's strategy editor from 1995-1999, and the winner of the 1998 McKinsey award for the best HBR article of the year. Prior to joining HBR, she was a partner at the management consulting firm of Bain & Co.

Reviewed by Azlan Adnan. Formerly Business Development Manager with KPMG, Azlan is currently Managing Partner of Azlan & Koh Knowledge and Professional Management Group, an education and management consulting practice based in Kota Kinabalu, Malaysian Borneo. He holds a Master's degree in International Business and Management from the Westminster Business School in London.

3 out of 5 stars Heavy on Managing, Light on New Economy.......1999-12-29

While the title, Managing in the New Economy, portends an insight into New Economy thinking, the book does not deliver. It is basically divided into 3 parts: Competition and Strategy, Leadership and Organization, and Ideas at Work. There are several excellent articles that will help any business person in their day-to-day dealings with the New Economy: (1) Strategy and the New Economics of Information, (2) The Dawn of the E-Lance Economy, (3) The Power of Virtual Integration and (4) Fast, Global and Entrepreneurial: Supply Chain Management, Hong Kong Style. These articles deal with the issues facing the business world today, focusing on the exhilarating opportunities that have been swept onto the landscape by the New Economy. While the other articles are enlightening (at times), most of them seem out of place (i.e. Global Sustainability? ) in this book. The Peter Drucker article, however, while not linked directly to the New Economy, provides an extremely good assessment of executive leadership for tomorrow. It is an easy read, but disappointing considering the editorial review.
Building Wealth: The New Rules for Individuals, Companies, and Nations in a Knowledge-Based Economy
Average customer rating: 3.5 out of 5 stars
  • How can one be wrong so much, and yet be successful?
  • A Wealth of Knowledge! Must Have For The 21st Century!
  • How Rich Countries Get Rich
  • How Rich Countries get Rich
  • How Rich Countries Get Rich
Building Wealth: The New Rules for Individuals, Companies, and Nations in a Knowledge-Based Economy
Lester C. Thurow
Manufacturer: HarperAudio
ProductGroup: Book
Binding: Audio Cassette

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ASIN: 0694520802

Amazon.com

The world is on the verge of another industrial revolution, driven by knowledge this time, not the steam engine or electricity, according to noted MIT economist Lester C. Thurow. In his book, Building Wealth: The New Rules for Individuals, Companies and Nations, Thurow writes that "Knowledge is the new basis for wealth. This has never before been true. In the past, when capitalists talked about their wealth, they were talking about their ownership of plant and equipment or natural resources. In the future when capitalists talk about their wealth, they will be talking about their control of knowledge." This means that the Bill Gateses of the world will be on top, not the Rockefellers, Carnegies, or Morgans.

To ready themselves for this new economy, companies and nations need to build what Thurow calls a "wealth pyramid," using building blocks such as a solid social organization, entrepreneurial skills, and education that encourages creativity and curiosity. The United States is better positioned than Europe or Japan to do well in the new economy, Thurow contends, but he warns of weaknesses even here. He puts companies like Intel on top in the knowledge-based global economy and places a question mark next to firms like Wal-Mart. Will the traditional retailer fall to the onslaught of lower-priced Internet competitors, or will it survive because people's herding instincts make them still want to drive to a Wal-Mart store? Bulding Wealth is a worthwhile read for anyone concerned about the wealth of nations and individuals, by the author of such economic bestsellers as Head to Head and The Zero Sum Society. --Dan Ring

Book Description

As we stand on the brink of the new millennium, MIT economist and New York Times bestselling author Lester Thurow addresses the critical issue of wealth creation. The result is an essential road map for how individuals, companies, and nations can and must build wealth in a knowledge-based global economy. What skills are needed to succeed in this new economy? What new rules must apply to the creation and protection of new ideas?How can marketable wealth be rising at ever-faster rates while productivity growth is slowing? How can nations create a social system where the entrepreneurial spirit can flourish without creating income and wealth inequalities that threaten the system? Professor Thurow addresses these questions and, finally, turns his attention to the three major economic sectors of the world: America, East Asia, and Europe. He provides a trenchant analysis of each as a significant competitor in the coming decades, and predicts the likely outcome of the complex forces that are presently shaping global society.

Customer Reviews:

1 out of 5 stars How can one be wrong so much, and yet be successful?.......2004-06-08

It is so sad how wrong someone can be proven over and over again and still, he/she is rewarded, called a genius and is allowed to teach our youth. Here is a quote from the author: "Can economic command significantly... accelerate the growth process? The remarkable performance of the Soviet Union suggests that it can... Today the Soviet Union is a country whose economic achievements bear comparison with those of the United States." This was in 1989, just shortly before the Societ Union collapsed. Unfortunately, being this wrong in economics gives one awards and allows you to teach college students while being described a genius. Sad. Mr. Thurow may be a 'genius', but geniuses can be wrong too.

4 out of 5 stars A Wealth of Knowledge! Must Have For The 21st Century!.......2003-08-26

Heh, a reviewer claimed that the book is out dated, and reffered to the media hyped "technology meltdown" as a reason to give up home in technology and the building of wealth through intellect. We are now 2 years into the 21st century (3 years if you think it started in the year 2000), the markets are readjusting, and technology is abounding. The "internet bubble" or "Dot Com Crash" was a cataclysm of investors and venture capitalists, smart and stupid, who got too greedy, and forgot the fundamentals of business, internet or no internet. The markets will ALWAYS naturally receed and recess after "bubbles", which is what happened. Technology, however, did and has not receeded. Wealth is being built upon the foundations of intellect, and Thurow's book shows how this is to be accomplished by analyzing all other economic revolutions and what occured to make them possible. If Thurow was giving stock predictions and analysis, and "hot picks of the week" (which he absolutely does not), then i would understand the discredit which some reviewers have given him. But this is just not the case. Thurow analyzes the wealth being generated by Global corporations, and small businesses alike through the internet. He gives examples of those who have made it to the top of the wealth pyramid. He points to revolutionary ideas and systems which have fueled economies for decades. He answers questions, he asks questions. For futurists, insight, knowlegde, and analysis of history is key. If you want to be someone who is ahead in the future, and if you want to know what it will take to grow financially in the current century, "Building Wealth" gives insights into how it has been done, and what it may take. As with all good financial books, a disclaimer: This is not going to TELL you how to get RICH. It will teach you about current debates on the direction of capitalism, and what is believed will happen in 21st century buisness. Expand your mind, expand your wealth, even if it be only a wealth of mind.

5 out of 5 stars How Rich Countries Get Rich.......2002-08-02

Overall, it is a fascinating read for anyone interested in economics, or how rich countries become rich. Lots of good facts which reflect on the competitive, and opportunistic capitalist paradigm we currently live in.

1) There has been significant change in the economic landscape, and that change continues to accelerate. Before the industrial revolution, 98% of the world's population had income only from farming. Now less than 2% are farmers.

2) The world is increasing a global market. Coca Cola gets 80% of its revenues from outside the United States.

3) The gap in wealth continues to widen.
- Bill Gates market value is the same as the poorest 110,000,000 Americans.
- In the United States, the average CEO pay is 212x the average worker.
- The top 1% of people in the US own 40% of the total wealth.
- Africa GDP is the same as it was in 1965. Has not changed in 35 years.

4) We are all busier. With the invention of electricity, the average hours of sleep dropped from 9 hours to 7 hours a day.

5) Old companies must destroy themselves (re-invent themselves) in order to stay competitive and grow. Also, individuals must constantly change and grow to remain competitive. If not, they will fall behind.

6) Capitalism is a tough game. The number of businesses failing (88% a year) is almost as many as new business are formed. Wealth is constantly being transferred from one group ~ to another.

7) There are many basic ingredients to create wealth. Some are cultural (like entreprenuership), some are created and enforced by the government (intellectual property, law and order, infrastructure), some are learned by the individual (skills, knowledge)

8) Each country, and region has its strengths and weakness. In order to build wealth for the future, each country must act differently:

- Japan: Clean up the banks, bring in professional management, restore government credibility, and create internal growth. Japan is too big to play the export game anymore.
- US: Break the two-tier society (rich and very poor) by improving education for more skilled workers, and investing more in infrastructure
- Europe: Encourage entrepreneurs and corporate flexibility

9) Wealth is created when there is a disequillibrium (imbalance) in technology, or society. When there is change, there is opportunity ~ because wealth is being transferred.

10) Know your weakness and go where that weakness is not important.

5 out of 5 stars How Rich Countries get Rich.......2002-08-02

Overall, it is a fascinating read for anyone interested in economics, or how rich countries become rich. Lots of good facts which reflect on the competitive, and opportunistic capitalist paradigm we currently live in.

1) There has been significant change in the economic landscape, and that change continues to accelerate. Before the industrial revolution, 98% of the world's population had income only from farming. Now less than 2% are farmers.

2) The world is increasing a global market. Coca Cola gets 80% of its revenues from outside the United States.

3) The gap in wealth continues to widen.
- Bill Gates market value is the same as the poorest 110,000,000 Americans.
- In the United States, the average CEO pay is 212x the average worker.
- The top 1% of people in the US own 40% of the total wealth.
- Africa GDP is the same as it was in 1965. Has not changed in 35 years.

4) We are all busier. With the invention of electricity, the average hours of sleep dropped from 9 hours to 7 hours a day.

5) Old companies must destroy themselves (re-invent themselves) in order to stay competitive and grow. Also, individuals must constantly change and grow to remain competitive. If not, they will fall behind.

6) Capitalism is a tough game. The number of businesses failing (88% a year) is almost as many as new business are formed. Wealth is constantly being transferred from one group ~ to another.

7) There are many basic ingredients to create wealth. Some are cultural (like entreprenuership), some are created and enforced by the government (intellectual property, law and order, infrastructure), some are learned by the individual (skills, knowledge)

8) Each country, and region has its strengths and weakness. In order to build wealth for the future, each country must act differently:

- Japan: Clean up the banks, bring in professional management, restore government credibility, and create internal growth. Japan is too big to play the export game anymore.
- US: Break the two-tier society (rich and very poor) by improving education for more skilled workers, and investing more in infrastructure
- Europe: Encourage entrepreneurs and corporate flexibility

9) Wealth is created when there is a disequillibrium (imbalance) in technology, or society. When there is change, there is opportunity ~ because wealth is being transferred.

10) Know your weakness and go where that weakness is not important.

5 out of 5 stars How Rich Countries Get Rich.......2001-10-24

Overall, it is a fascinating read for anyone interested in economics, or how rich countries become rich. Lots of good facts which reflect on the competitive, and opportunistic capitalist paradigm we currently live in.

1) There has been significant change in the economic landscape, and that change continues to accelerate. Before the industrial revolution, 98% of the world's population had income only from farming. Now less than 2% are farmers.

2) The world is increasing a global market. Coca Cola gets 80% of its revenues from outside the United States.

3) The gap in wealth continues to widen.
- Bill Gates market value is the same as the poorest 110,000,000 Americans.
- In the United States, the average CEO pay is 212x the average worker.
- The top 1% of people in the US own 40% of the total wealth.
- Africa GDP is the same as it was in 1965. Has not changed in 35 years.

4) We are all busier. With the invention of electricity, the average hours of sleep dropped from 9 hours to 7 hours a day.

5) Old companies must destroy themselves (re-invent themselves) in order to stay competitive and grow. Also, individuals must constantly change and grow to remain competitive. If not, they will fall behind.

6) Capitalism is a tough game. The number of businesses failing (88% a year) is almost as many as new business are formed. Wealth is constantly being transferred from one group ~ to another.

7) There are many basic ingredients to create wealth. Some are cultural (like entreprenuership), some are created and enforced by the government (intellectual property, law and order, infrastructure), some are learned by the individual (skills, knowledge)

8) Each country, and region has its strengths and weakness. In order to build wealth for the future, each country must act differently:

- Japan: Clean up the banks, bring in professional management, restore government credibility, and create internal growth. Japan is too big to play the export game anymore.
- US: Break the two-tier society (rich and very poor) by improving education for more skilled workers, and investing more in infrastructure
- Europe: Encourage entrepreneurs and corporate flexibility

9) Wealth is created when there is a disequillibrium (imbalance) in technology, or society. When there is change, there is opportunity ~ because wealth is being transferred.

10) Know your weakness and go where that weakness is not important.
New Economy Excellence Series, New Economy Energy: Unleashing Knowledge for Competitive Advantage
Average customer rating: Not rated
    New Economy Excellence Series, New Economy Energy: Unleashing Knowledge for Competitive Advantage
    Sultan Kermally
    Manufacturer: Wiley
    ProductGroup: Book
    Binding: Paperback

    Strategy & CompetitionStrategy & Competition | Management & Leadership | Business & Investing | Subjects | Books
    ManagementManagement | Management & Leadership | Business & Investing | Subjects | Books
    Economic HistoryEconomic History | Economics | Business & Investing | Subjects | Books
    GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
    GeneralGeneral | Business & Investing | Subjects | Books
    MISMIS | Industries & Professions | Business & Investing | Subjects | Books
    Web MarketingWeb Marketing | Business & Culture | Computers & Internet | Subjects | Books
    InternetInternet | Home Computing | Computers & Internet | Subjects | Books | Internet & Education | Online Searching | Web Browsers | Web for Kids
    GeneralGeneral | Finance | Accounting & Finance | Professional & Technical | Subjects | Books
    Look Inside Computer BooksLook Inside Computer Books | Trip | Specialty Stores | Books
    All Amazon UpgradeAll Amazon Upgrade | Amazon Upgrade | Stores | Books
    Business & InvestingBusiness & Investing | Amazon Upgrade | Stores | Books
    Computers & InternetComputers & Internet | Amazon Upgrade | Stores | Books
    Professional & TechnicalProfessional & Technical | Amazon Upgrade | Stores | Books
    ASIN: 0471499633

    Book Description

    Forward-thinking companies are focusing their attention on knowledge, that insubstantial asset which is recognised as a key competitive capability in the new economy. Yet despite the mantra that knowledge is '700eople, 200rocess and 10% technology', too much emphasis is still placed on technical aspects of knowledge management by firms embarking on initiatives in this area. Zooming in on a critical issue, this new title in the groundbreaking New Economy Excellence series helps managers to consistently reap competitive benefits by understanding the nature of knowledge and how to make the most of it in the ultra-competitive e-world.

    Other titles in the New Economy Excellence series include:

    New Economy Edge: Strategies and Techniques for Boosting Online Profitability
    Jeremy Kourdi - 0471498440
    New Economy Expression: Redefining Marketing in the Multi-Channel Age
    David Mercer - 0471500089
    New Economy Emotion: Engaging Customer Passion with e-CRM
    Alfredo Zingale and Matthias Arndt - 0470841354
    Alliance Capitalism and Corporate Management: Entrepreneurial Cooperation in Knowledge Based Economies (New Horizons in International Business)
    Average customer rating: Not rated
      Alliance Capitalism and Corporate Management: Entrepreneurial Cooperation in Knowledge Based Economies (New Horizons in International Business)

      Manufacturer: Edward Elgar Publishing
      ProductGroup: Book
      Binding: Hardcover

      GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
      InternationalInternational | Economics | Business & Investing | Subjects | Books
      Corporate FinanceCorporate Finance | Finance | Business & Investing | Subjects | Books
      GeneralGeneral | Business & Investing | Subjects | Books
      GeneralGeneral | International | Business & Investing | Subjects | Books
      ManagementManagement | Management & Leadership | Business & Investing | Subjects | Books
      Production & OperationsProduction & Operations | Management & Leadership | Business & Investing | Subjects | Books
      EntrepreneurshipEntrepreneurship | Small Business & Entrepreneurship | Business & Investing | Subjects | Books
      GeneralGeneral | Industries & Professions | Business & Investing | Subjects | Books
      Finance & InvestingFinance & Investing | Finance | International | Accounting & Finance | Professional & Technical | Subjects | Books
      ASIN: 1840648392

      Book Description

      As national economies become more closely linked, the value of more active corporate and policy level cooperation is becoming increasingly recognized. This book promotes the concept of alliance capitalism - a spirit of collegial entrepreneurship - as a means to facilitate more harmonious development in the international economy.

      The authors examine balances between the competitive and cooperative activities of firms and governments in major industrialized countries from perspectives of efficiency and social justice. They advocate cooperation to overcome internationalized market failures and policy failures, and to reduce imbalances in the spread of gains from global commerce. This advocacy is based especially on comparisons between corporate and policy level activities in the USA and the EU, and between the USA and the EU. The potential advantages of strengthening cooperation are stressed with emphasis on imperatives being set by continuing technological advances.

      Alliance Capitalism and Corporate Management will be required reading for all scholars and students of international management and international political economy, business leaders and corporate managers, and decision makers in the fields of industrial and competition policy.
      Clusters Old and New: The Transition to a Knowledge Economy in Canada's Regions
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        Clusters Old and New: The Transition to a Knowledge Economy in Canada's Regions

        Manufacturer: McGill-Queen's University Press
        ProductGroup: Book
        Binding: Hardcover

        GeneralGeneral | Business & Investing | Subjects | Books
        Public PolicyPublic Policy | Government | Nonfiction | Subjects | Books
        GeneralGeneral | Politics | Nonfiction | Subjects | Books
        ASIN: 0889119619
        Embracing the Knowledge Economy: The Dynamic Transformation of the Finnish Innovation System (New Horizons in the Economics of Innovation)
        Average customer rating: Not rated
          Embracing the Knowledge Economy: The Dynamic Transformation of the Finnish Innovation System (New Horizons in the Economics of Innovation)

          Manufacturer: Edward Elgar Publishing
          ProductGroup: Book
          Binding: Hardcover

          EconomicsEconomics | Business & Investing | Subjects | Books | Agricultural | Commercial Policy | Comparative | Consolidation & Merger | Cooperatives | Debt & Deficits | Development & Growth | Econometrics | Economic Conditions | Economic History | Economic Policy & Development | Exports & Imports | Free Enterprise | Inflation | International | Labor & Industrial Relations | Macroeconomics | Microeconomics | Money & Monetary Policy | Natural Resources | Privatization | Public Finance | Statistics | Sustainable Development | Theory | Unemployment | Urban & Regional
          GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
          GeneralGeneral | Social Sciences | Nonfiction | Subjects | Books
          GeneralGeneral | Sociology | Social Sciences | Nonfiction | Subjects | Books
          GeneralGeneral | Computers & Internet | Subjects | Books
          ASIN: 1843763079

          Book Description

          Globalization, new technologies and evolving organizational and management models pose a significant challenge to industrialized countries. Instead of relying on the traditional techno-organizational paradigm, they have had to search for new development paths to ensure further growth and social welfare. Finland is one of the few nations that has been able to meet this challenge successfully and, as such, can be regarded as a model case study from which other countries can learn how to manage this fundamental transition process.

          In an astonishingly short period of time, Finland has developed into one of the world's leading knowledge societies while retaining a comprehensive welfare state. The book traces this rapid transformation from a resource-based to a knowledge-based society. The authors describe the country's strengths and weaknesses in the new economy and demonstrate how Finland has been able to catch-up with the leading industrial countries by exploiting new techno-organizational opportunities. Experts from different fields provide rich empirical material on Finnish industries, firms, regions and institutions, and the role they have played in the transformation process. The book also details the business and economic restructuring which was required, and explores new trends in the country's science, technology and innovation policy.

          Embracing the Knowledge Economy offers a comprehensive appraisal of the management of Finland's transition to a knowledge society. Business managers, policymakers and scholars in the fields of institutional economics, innovation management and political science will welcome this coherent description of Finland's successful search for a new development path.
          Human Resource Management in the Knowledge Economy: New Challenges, New Roles, New Capabilities
          Average customer rating: 4.5 out of 5 stars
          • Add this book to your required reading list
          • Two rare feats for the strategic HR management literature
          • New perspectives
          Human Resource Management in the Knowledge Economy: New Challenges, New Roles, New Capabilities
          Mark L Lengnick-Hall , and Cynthia A Lengnick-Hall
          Manufacturer: Berrett-Koehler Publishers
          ProductGroup: Book
          Binding: Paperback

          GeneralGeneral | Business & Investing | Subjects | Books
          Human Resources & Personnel ManagementHuman Resources & Personnel Management | Industries & Professions | Business & Investing | Subjects | Books
          ManagementManagement | Management & Leadership | Business & Investing | Subjects | Books
          All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
          Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
          Similar Items:
          1. The HR Value Proposition The HR Value Proposition
          2. Human Resource Management (with InfoTrac ) Human Resource Management (with InfoTrac )
          3. The Future of Human Resource Management: 64 Thought Leaders Explore the Critical HR Issues of Today and Tomorrow The Future of Human Resource Management: 64 Thought Leaders Explore the Critical HR Issues of Today and Tomorrow

          ASIN: 1576751597

          Book Description

          This book demonstrates that for businesses to thrive in today's economy, human resource managers must take on four new roles: human capital steward, knowledge facilitator, relationship builder, and rapid deployment specialist. Each role is discussed in detail using examples from leading businesses.

          Customer Reviews:

          4 out of 5 stars Add this book to your required reading list.......2006-01-26

          Written for HR Professionals, this book will help you understand how the training industry is changing with the emergence of the knowledge economy and stay current in our rapidly changing economic environment. In the world of Human Resources, this book is timely and useful. This book is theoretical in orientation. The authors propose that, because of the shift to a knowledge economy and all its attendant disruptions (rapid change, fluidity, ambiguity), HRM professionals should construe HR's new responsibilities in terms of roles rather than functions and processes. They identify three basic capabilities necessary for success in the knowledge economy: Reconnaissance and discovery, Entrepreneurship and mobilization, and Efficiency and flexibility. To meet the challenges of the new economy the authors believe that HRM professionals must create value based on the firm's intangible assets, expand throughout the value chain to suppliers and distributors, and manage the new roles required of HR professionals.

          5 out of 5 stars Two rare feats for the strategic HR management literature.......2003-09-13

          In "Human Resource Management in the Knowledge Economy: New Challenges, New Roles, New Capabilities," the Lengnick-Halls accomplish two rare feats. First of all, this book provides a well-balanced view between researchers and practitioners, using terms that are both recognizable and actionable to both groups. Researchers will appreciate the text for the concept explorations that open doors to new research paths. Practitioners will appreciate the matter-of-fact language that describes how HR practices can be intertwined with strategic management practices to implement a truly strategic HR management program. Secondly, they provide one of the best integrations of human resource management and strategic management available in the form of full-length texts. The "practice" of human resource management has typically been too far removed from the "promise" of strategic human resource management offered by an integration of the two concepts. Practitioners of strategic HR management who have seen their best efforts to make human resource assets an essential component of their firm's strategies become token exercises in paperwork management will appreciate the practical advise contained in this text to reach that goal.

          4 out of 5 stars New perspectives.......2003-09-04

          Finally a book that is not all jargon as many of the books in this area. Perhaps this stems from the fact that both the authors are academicians with an eye on the industry. The book lays out the different roles HR needs to assume if it does not plan to become redundant in the new economy. I would have liked to see more in terms of translation into a sort of tool kit but given that this is a new area one hopes the next edition will carry the tool kit or perhaps other writers will get inspired to write one. As an ex-HR practitioner and now researcher in this area I feel this book is worth a read and for having on the shelf to see what the future could look like.

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          1. Cisco ASA and PIX Firewall Handbook
          2. CMMI(R): Guidelines for Process Integration and Product Improvement (2nd Edition) (The SEI Series in Software Engineering)
          3. Commercial Banking: The Management of Risk
          4. Competing on Analytics: The New Science of Winning
          5. Competing on Analytics: The New Science of Winning
          6. Computational Collective Intelligence
          7. Computer Confluence Complete (7th Edition)
          8. Concepts in Enterprise Resource Planning, Second Edition
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          10. Country Risk Assessment: A Guide to Global Investment Strategy (The Wiley Finance Series)

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