Global Vision How Companies Can Overcome the Pitfalls of Globalizati
Global Vision: How Companies Can Overcome the Pitfalls of Globalization addresses the business challenges that globalization poses. It will help managers improve their global acumen by developing a better understanding of the cultural, political, and econ
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Global Vision How Companies Can Overcome the Pitfalls of Globalization Robert Salomon
palgrave
macmillan
GLOBAL VISION
Copyright © Robert Salomon 2016 Softcover reprint of the hardcover 1st edition 2016 978-1-137-50281-0 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission. In accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6-10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. First published 2016 by PALGRAVE MACMILLAN The author has asserted their right to be identified as the author of this work in accordance with the Copyright, Designs and Patents Act 1988. Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire, RG21 6XS. Palgrave Macmillan in the US is a division of Nature America, Inc., One New York Plaza, Suite 4500, New York, NY 10004-1562. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world.
ISBN 978-1-349-69962-9 E-PDF ISBN: 978–1–137–50282–7 DOI: 10.1057/9781137502827
Library of Congress Cataloging-in-Publication Data Salomon, Robert, 1973– author. Global vision : how companies can overcome the pitfalls of globalization / Robert Salomon. pages cm Includes bibliographical references and index. 1. International business enterprises. 2. International trade. 3. International economic relations. 4. Globalization—Economic aspects. I. Title. HD2755.5.S237 2016 658⬘.049—dc23
2015032487
A catalogue record for the book is available from the British Library.
Contents
List of Tables
vii
List of Figures
ix
Acknowledgments
xi
Introduction
xiii
Chapter 1
Globalization: A Cautionary Tale
1
Chapter 2
The Globalization Process
17
Chapter 3
The Impact of National Institutions on Globalization
35
Chapter 4
Political Institutions and Globalization
49
Chapter 5
Economic Institutions and Globalization
69
Chapter 6
Cultural Institutions and Globalization
93
Chapter 7
Using Global Acumen to Account for Risk
115
Chapter 8
Global Acumen in Practice
143
Chapter 9
Using Global Acumen in Other Contexts
159
Chapter 10 The End of the Beginning for Global Acumen
183
Notes
195
Bibliography
207
Index
215
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Tables
2.1 Business Projections for Newlandia 2.2 Business Projections for Newlandia: Assuming an Upfront Investment 2.3 Business Projections for Newlandia: Assuming an 8.5% Discount Rate 4.1 Political Data Sources 5.1 Economic Data Sources 6.1 Culture Data Sources 7.1 Risk to US Companies Expanding Abroad 7.2 Risk to Foreign Com
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