What will the world look like in the wake of US President Donald Trump’s latest trade war? At best, it will see a collection of contrite nations trying to restore mutual economic relations in the wake of a great economic fiasco. At worst, it will be a world that makes the devastation wrought by the … Read more
Are US president-elect Donald Trump’s threats of tariffs an admission of American economic defeat, a tacit acknowledgement that US manufacturers can no longer compete with foreign rivals and must now find protection behind tariff walls to meet domestic demand? It seems so. Moreover, if Trump’s use of the tariffs as a weapon turns out to … Read more
So much for the concept of a “borderless world of business” espoused in 1990 by Japanese management consultant Kenichi Ohmae, a former senior partner of McKinsey. In his bestselling book, The Borderless World: Power and Strategy in the Interlinked Economy, Ohmae argued national borders had become less relevant to business than ever before. Ironically, US … Read more
