World 3.0: Global Prosperity and How to Achieve It

Description

The world looks far different today than it did before the global financial crisis struck. Reeling from the most brutal impacts of the recession, governments, economies, and societies everywhere are retrenching and pushing hard for increased protectionism. That's understandable, but it's also dangerous, maintains global economy expert Pankaj Ghemawat in "World 3.0". Left unchecked, heightened protectionism could prevent peoples around the world from achieving the true gains afforded by cross-border openness. Ghemawat paints a disturbing picture of what could happen--to household income, availability of goods and services, and other quality-of-life metrics--should globalization continue to reverse direction. He then describes how a wide range of players' private businesses, policy makers, citizens, the press' could help open flows of ideas, people, and goods across borders, but in ways that maximize economic benefits for all. "World 3.0" reveals how we're not nearly as globalized as we think we are, and how people around the world can secure their collective prosperity through new approaches to cross-border integration. Provocative and bold, this new book will surprise and move you, no matter where you stand on globalization.

Pankaj Ghemawat is the Anselmo Rubiralta Professor of Global Strategy at IESE Business School in Barcelona. He is the author of five books and many articles in both academic journals as well as the popular press. He recieved the McKinsey Award for his Harvard Business Review article, "Regional Strategies for Global Leadership."

"it should be included on the reading list of anyone interested in the subject." -- Publisher's Weekly "World 3.0's cautious tone is refreshing..." -- USA Today "a very smart book" - TIME "At last, some sense on globalization...deserves a wide audience..." - The Economist "An excellent new book... thoughtful and persuasive... [ Ghemawat's] ambition is commendable and his argument compelling." -- International Affairs "a unique look at globalisation..." - Business Today "The book is a solid read, backed by hard data and supplemented with easily understood illustrations." -- Business Today Egypt "In World 3.0, Pankaj Ghemawat provides a fresh look at cross-border integration and its implications. He demonstrates why integration and regulation must be seen as complementary. And he offers great recommendations that should inspire all stakeholders in times of major global challenges. A must-read." --Pascal Lamy, Director-General of the World Trade Organization (WTO). "We are currently stuck in 'World 2.0,' a world in which the further impact of global integration is seen as limited. Professor Ghemawat artfully proposes how we can move to 'World 3.0,' in which openness leads to wider technological, cultural, and social benefits. The transfer of knowledge--through people, trade, or investments--could have a significant impact on growth. This is an interesting and timely argument that deserves careful consideration." --Dr. Supachai Panitchpakdi, Secretary-General of the UN Conference on Trade and Development (UNCTAD) "World 3.0 is a comprehensive framework for thinking about globalization, market failures, and market integration. Ghemawat sets a visionary but pragmatic agenda for senior managers, businesses, and governments. His views about managing capital reversals and imbalances while exploiting the large untapped potential of globalization are particularly relevant." --Michel Camdessus, former Managing Director, International Monetary Fund "This book deserves to be read widely. It establishes--through the type of clinical analysis on which Ghemawat has built his reputation as a global strategist--that the current world we live in is, at best, semiglobalized, and then proceeds to spell out the implications of such a world for individuals, businesses, and governments." --Ratan Tata, Chairman, Tata Group "This is the right book at the right time. After the most severe economic crisis since the Great Depression, many leaders are looking for ways to make the global economy more stable and sustainable. World 3.0 offers well-reasoned strategies for achieving that." -- Peter Loscher, President and Chief Executive Officer Siemens AG "Pankaj Ghemawat has provided an impressive and comprehensive analysis of the world's situation in times of globalization and strong economic and social imbalances. His book contributes to fostering the mind-set that will enable us to reshape this world in a sustainable way. If we believe in 'World 3.0,' we will be able to build it." --Mohammed Yunus, founder of Grameen Bank and recipient of the Nobel Prize for Peace