The Drucker Lectures: Essential Lessons on Management, Society and Economy

33The Future of the Corporation IV2003

We are at the beginning—perhaps one-third of the way through—a transition from a Western-dominated international economy to a world economy that is multicentered.

The present economic dominance of the United States is a transitory phenomenon, and it is already passing very fast. I’m not talking military, and I’m also not talking politics. In fact, the more I think about it, the more I become convinced that one of the major challenges ahead is the fact that politics, military might, and economics no longer move in complete parallel but diverge. And I think this is one of the major challenges that nobody truly understands and for which we have no theory or practice.

If you look at the world economy you would ...