Peter F. Drucker Boxed Set (8 Books) (The Drucker Library)

PART V

The Changing Globe

During the last thirty years the international economy has become a transnational world economy. Even the mightiest national economy is now only one competitor in the world economy and dependent for its economic well-being on its success in the world economy. Paradoxically, the only major developed country in the Free World which understands this is the most nationalist and protectionist one: Japan. That Japan, since the early 1950s, has steered her economic course by the constellations of the world economy rather than by domestic economic considerations, as Keynesian (or Friedmanite) economics demands, has been a major ...