Globalization 2.0 A Roadmap to the Future from Leading Minds

The recent near-collapse of the global financial sector and the resulting economic problems have caused a great deal of re-examining of the fundamental principles of globalization. This book showcases how leading managers perceive the curre

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Raschid Ijioui Michael Ceyp

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Heike Emmerich Jochen Hagen

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Editors

Globalization 2.0 A Roadmap to the Future from Leading Minds

Editors Dr. Raschid Ijioui RWTH Aachen University Computational Materials Engineering Center for Computational Engineering Science Mauerstr. 5 52056 Aachen Germany [email protected]

Prof. Dr. Heike Emmerich RWTH Aachen University Computational Materials Engineering Center for Computational Engineering Science Mauerstr. 5 52056 Aachen Germany [email protected]

Prof. Dr. Michael Ceyp FH Wedel - University of Applied Sciences Feldstraße 143 22880 Wedel Germany [email protected]

Dipl.-Inform. Jochen Hagen, MBA Am Bonner Graben 3 53343 Wachtberg Germany [email protected]

ISBN 978-3-642-01177-1 e-ISBN 978-3-642-01178-8 DOI: 10.1007/978-3-642-01178-8 Springer Heidelberg Dordrecht London New York Library of Congress Control Number: 2009933120 # Springer-Verlag Berlin Heidelberg 2010 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer. Violations are liable to prosecution under the German Copyright Law. The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Cover design: WMXDesign GmbH, Heidelberg, Germany Cover Image provided by Dr. Hans Jochen Ceyp and modified by Dr. Raschid Ijioui and Dr. Ju¨rgen Hubert Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)

Preface

. . . Eat not up your property among yourselves unjustly except it be a trade amongst you, by mutual consent . . . and help you one another in righteousness and piety. . . (Al-Hadid 4:29; Al-Ma’idah 5:2)

There cannot be any doubt that the current financial crisis, which began in the US, has gone global. This realization has fuelled the fire of debate over globalization. Today’s globalization is no longer the globalization that Theodore Levitt, a former professor at the Harvard Business School, described in 1983 in his world famous article ‘‘The Globalization of Markets.’’ Although, in old days, Levitt and his successors had not seen globalization as an utopian state free of problems, nowadays globalization has been reshaped completely. Therefore, in the perception of the editors it is justified to use the phrase ‘‘Globalisation 2.0’’ for the range of effects interpenetrating global economic arrangements. Globalisation 1.0 will never be restored again. Since the subprime crisis made its way to the gl