The End of the Nation State: How Regional Economics Will Soon Reshape the World

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9780029233412: The End of the Nation State: How Regional Economics Will Soon Reshape the World

The author argues that nation states have lost their ability to control exchange-rates and protect their currencies, and have consequently forfeited their role as critical participants in the global economy. Once efficient engines of wealth creation, nation states have become inefficient engines of wealth distribution, whose fates are increasingly determined by economic choices made elsewhere.

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Review:

Robert L. Bartley Editor, "The Wall Street Journal" Ken Ohmae has stamped his brand on the idea that the information age will have a big impact not only on business but on the shape of international politics. If the cold war is over and money flows around the globe beyond the reach of governments, who, indeed, needs the nation-state? A bold statement of a provocative thesis.

From the Back Cover:

A MASTERFUL ANALYSIS THAT WILL REDEFINE THE WORKINGS OF THE GLOBAL ECONOMY FOR YEARS TO COME.

Nation states are dinosaurs waiting to die. Kenichi Ohmae, world-renowned business strategist, argues that not only have they lost their ability to control exchange rates and protect their currencies, but they no longer generate real economic activity. While governments cling to jingoistic celebrations of nationhood, within their borders a revolution has been born.

The fates of the nation states are increasingly determined by economic choices made elsewhere. Ohmae explains how communications now control the movement of capital and corporations across national borders, and consumer demand now determines the flow of goods and services. The nation states have forfeited their economic supremacy to the 'region states', the links forged between, for instance, San Diego and Tijuana, Singapore and parts of Malaysia and Indonesia, Hong Kong and the Chinese mainland. These links are closer than those with the 'host' nations, bringing real, concrete improvements in the quality of life, and constituting essential growing markets for the goods and services of global corporations.

Ohmae contends that the emergence of the region state changes deeply and forever the global logic that defines how corporations operate. His is the first full-scale analysis of this important and far-reaching global phenomenon.

"A bold statement of a provocative thesis."
ROBERT L. BARTLEY, Editor, 'The Wall Street Journal'

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