This short book puts forward three theses: world markets, including many services, have and will continue to become highly globalized; the modern nation-state has developed too many rigid rules and practices--fiercely defended by special economic interests, including income transfers to poor regions--to cope with rapidly changing international economic circumstances and opportunities; and new "region-states" of 5 to 20 million persons, possibly crossing national boundaries, represent the natural unit of economic growth, enjoying economies of scale in services e. The economic action of the future, says Ohmae, will be in such regional clusters, spreading economic benefits to their neighboring regions. The first two theses have much merit but have been around for some time. The third has some novelty, and a number of interesting observations are made, but the concept is too amorphous to be useful. In principle it encompasses many of the smaller European countries, which nonetheless have succumbed to the rigidities that the author observes in larger nations. The author is especially scathing about both foreign and domestic proponents of a Japanese "miracle" driven by a MITI-guided Japan, Inc.

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To include a comma in your tag, surround the tag with double quotes. Please enable cookies in your browser to get the full Trove experience. Skip to content Skip to search. Physical Description x, p. Language English View all editions Prev Next edition 1 of 9. Copyright c Subjects Regional economics. Bloques comerciales. Blocs commerciaux. Regionale integratie. Trade blocs. International economic integration. Economic integration Regional trading blocs Nation state Economic development Globalisation Foreign investment Information and communications technology Social change International agencies and associations Exchange rates Statistics International comparisons Overseas item Economic integration.

Regional trading blocs. Nation state. Economic development. Foreign investment. Information and communications technology. Social change. International agencies and associations. Exchange rates. International comparisons. Overseas item. The Cartographic Illusion 2.

The Ladder of Development 3. The New "Melting Pot" 4. The Civil Minimum 5. Scaring the Global Economy Away 7. The Emergence of Region States 8. Zebra Strategy 9. What Moves Exchange Rates? Notes Includes bibliographical references p. View online Borrow Buy Freely available Show 0 more links Set up My libraries How do I set up "My libraries"?

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End of the Nation State: The Rise of Regional Economies

As commercial enterprises capitalize on market opportunities at the ends of the earth or closer to their home bases, however, traditional governments remain in thrall to outdated notions of national interest and to the importunate demands of parasitic constituencies seeking shelter from economic rivalry. While central governments are still major players on the world stage, Ohmae insists that they have lost the capacity to adapt to change, let alone respond effectively to its challenges. He documents the significant extent to which nation-states remain focused on parochial issues during an age when real-time information is the common coin of industry and distance has become economically immaterial. The resulting power vacuum has been filled by what the author dubs region states, geographic territories oriented toward the global economy, not their host countries. Elegant perspectives on what the socioeconomic future might hold from a past master of the geopolitical game. The engrossing text has helpful tabular material and graphics throughout. Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.



Ohmae contends that four great forces -- capital, corporations, consumers, and communication -- have combined to usurp the economic power once held by the nation state. In the first full-scale analysis of this global phenomenon, Ohmae explains exactly how communications now control the movement of capital and corporations across national borders, how demanding consumers determine the flow of goods and services, and how harmful government policies are increasingly disciplined by the actions of informed consumers, profit-seeking corporations, and currency markets. Old habits die hard and the habits of power die hardest of all. While governments cling to jingoistic celebrations of nationhood that place far more value on emotion-grabbing symbols than on the welfare of their citizens, Ohmae reveals that within their borders a revolution has been born. He documents how affluent economic zones forming natural "business units" have arisen throughout the world, bringing real, concrete improvements in the quality of life. These new engines of prosperity, which Ohmae calls"region states," have emerged, for example, between San Diego and Tijuana, Singapore and parts of Malaysia and Indonesia, Silicon Valley and the Bay Area, and Hong Kong and the adjacent portion of the Chinese mainland.


The End of the Nation State: The Rise of Regional Economies




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