15.223 Global Markets, National Policies, and the Competitive Advantages of Firms, Fall 2007
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15-223-fall-2007/contents/index.htm
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Checksum (MD5)
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Author(s)
Locke, Richard
Alternative Title
Global Markets, National Policies, and the Competitive Advantages of Firms
Date Issued
December 2007
Abstract
The world is changing in two fundamental ways. First, the development of a truly global market in products, services, capital, and even certain types of labor is changing the basic terms of competition for an array of different firms and industries. Second, the rules and institutions governing the new international economic order are still in flux. National regulations are no longer adequate yet international accords over trade, intellectual property, labor standards, and a host of other issues are fiercely and frequently contested by competing interests. The final results of these debates will determine who wins and who loses in the new global economy. Understanding the interaction between environment and business around the world is the key to understanding both the possibilities for and constraints on either managing an existing or starting a new business in today's fast-changing economy.
Subjects
globalization
market economies
liberal market economies
state-driven development
emerging markets
intellectual property
ngo
sustainability
trade policy
international trade
labor standards
environmental standards
MIT Department
Sloan School of Management
Massachusetts Institute of Technology. Department of Electrical Engineering and Computer Science
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