O'Reilly logo

The Drucker Lectures: Essential Lessons on Management, Society and Economy by Rick Wartzman, Peter F. Drucker

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

28On Globalization2001

Let me start out by saying that maybe six weeks ago I had a visit from an old student. Forty years ago, he was a young Taiwanese. In the meantime, he has built a very successful business in Taiwan, and for the last seven years or so has been in Shanghai, where he is now head of a very large joint-venture firm. And I asked him, “What has happened? What’s the most important thing that has happened in China the last three to five years?” And he thought for about five seconds and then said, “That we now consider owning an automobile a necessity and not a luxury.” That is what globalization means.

It is not an economic event; it’s a psychological phenomenon. It means that all of the developed West’s values—its mindset and expectations ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required