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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Kenichi Ohmae, a former Senior Partner of McKinsey & Company, has counseled major corporations and governments on their international strategies and operations for 20 years. Widely recognized as one of today's top business gurus, he is the author of the highly acclaimed Triad Power (The Free Press, 1985) and The Borderless World (1990). He lives in Tokyo.
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