values, 228
working abroad, 235
“creative destruction,” 205
Credit Suisse First Boston, 74
“crony capitalism,” 48
Crystal, Graef, 67
Cuba, 14, 257, 293
Cubatao, Brazil, pollution in, 259-263
cultural diversity, in America, 189-190
cultural imperialism, 187-189
culture
American influence on, 198
effects of globalization on, 194-195
“global culture,” 193-195
protectionism and, 198
currency, global, 179-180
currency risk, 312
Cyberjaya, 203
Czech Republic, 191, 300
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
D
Daewoo, 62
Daimler-Benz, 54, 245
DaimlerChrysler, xix, 66, 67, 101, 102, 103-104, 312, 314
Dar es Salaam, poverty in, 251
Data General, 205
Davis, Bob, 37
Dawar, Niraj, 127
Dean, Amy, 325-326, 327
Death of a Salesman, 318
Decay of Capitalist Civilization, The, 16
Declaration of Paris, 163
deflation, 108, 315-316
Dell, Michael, 211
Dell PCs, 34
Delors, Jack, 239
Deming, W. Edwards, 77
p. 369 Democratic Leadership Council, 240
Democratic Party, 240, 301
Deng Xiaoping, 23, 255
“dependency theory,” in Latin America, 18-19
Depression (1929), xxxii, 11
deregulation, 66
“Big Bang, “52-53
of capital markets, 102
local communications market, U.S., 36
in telecommunications, 30
de Soto, Hernando, xxx
Deutsche Bank, 50
Deutsche Telekom, 185-186
De Valera, Eamon, 9
developing countries
antiglobalism in, 19
effects of capital markets in, 58-59
globalization in, beneficial results of, xxvi
mobile phone use in, 42-43
protectionism in, 17-18
shortage of telephones in, 37
workforce in, 319
Digital Equipment Corporation, 205
digitalization, 35-36
Dilbert, 234
Diplomacy, 159
dirigisme, 18
Disney
Euro Disney, 185
ties with McDonald’s and Coca-Cola, 119
Doctors Without Borders, 153
Doerr, John, 207
Doordarshan Television, 191
Dornbusch, Rudi, 172
“Dow 36,000,” 109
drama, 195
Drucker, Peter, 70, 124, 125, 160, 280, 322
D’Souza, Frances, 230
Duke University Global Executive M.B.A., 231-232
Dunlap, “Chainsaw” Al, 321
“Dushan,” 233, 239
DVDs, pornographic, 82
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
E
Eaton, Robert, 104
École de la Bourse, 61
École Nationale d’Administration, 18
Economie Consequences of the Peace, 7, 9
economic liberalism, 25
economic value added (EVA), 74
Economist, The, 104
Ecuador
adoption of dollar, 180
border disputes with Peru, 156
Edison, Thomas, 37
Edison Project, 93
education, 297-301
amount spent on education in the U. S., 92
business schools, 70, 72-73, 231-232
“educational management organizations,” 92
the global classroom, 93-94
Harvard’s executive-education program, 74
in-house universities, 68-69
mediocre results of, in the U.S., 92
“noninstructional services,” costs of, 92
private sector activity in, 91-93
“educational management organizations,” 92
Eichengreen, Barry, 176
Eisner, Michael, 120, 193
Eldon, Lord, 290
electricity, 37
Electronic Data Services, 89
Elements of Political Economy, 4
Elliott, Richard, 30-31
Ellison, Larry, 72, 93, 215, 225
Elsztain, Alejandro and Eduardo, 227
emerging markets, 238
Eminent Victorians, 4
employment and discrimination laws, 323
EMS
See European Monetary System (EMS)
Engels, Friedrich, 258, 329, 330
Enron, xxi, xxx, 32, 58, 108, 235, 323-324
environment, 259-263
environmental organizations, 275
Ericsson, 148
Espinosa, Antonio, 138
Estonia, 150, 160
ethical capitalism, 125
Euro, xxii, 105, 312
EuroAirport, 150
Euro Disney, 185
Europe
educational systems in, 298, 299
free trade in (1875-1913), 6
importance of national differences, 105
labor costs in, 295
level of unemployment in, 295
European Central Bank, 152, 180
European Community, 186
European Insitute, 276
European Monetary System (EMS), 49
European Union, xx, 141, 145, 152, 153, 231, 240, 279, 283, 292
military and foreign policy and, 158
money to third world countries, 113
national regulations, 295
single market of 1992, 24
trade with U.S., 287-288
Eurozone, 54
EVA (economic value added), 74
“exchange dumping,” 10
exchange rates, 179
ExxonMobil, 102
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
F
p. 370 Fabian Society, 16-18, 224, 333
Fairchild Semiconductor, 206-207
“fair trade,” xxxi, 112-113
Families and Work Institute, 321
fashion industry, 192-193
Fazil, Haroun, 274
Federal Communications Commission (FCC), 41
Federal Reserve Board, 180
FedEx, 34
Ferdinand, Archduke, xvii
Ferranti, Marcus de, 30-31, 32, 44, 45, 102, 225
Fiat, 314
Fidelity Investments, 53
film industry
domination of the industry worldwide by America, 187-189
dubbing of American films into native languages, 187
films as art, 195
free trade in films, 184
French, 196, 197-198
French vs. American, 183-186
as a global operation, 188-189
identification with American culture, 189-190
MIPCOM, 225-226
most profit-driven industry, 188
protectionist measures in foreign countries, 186
quotas and subsidies, 196-197
resistance to American films overseas, 183-186, 187
financial domino theory, 248-249
financial institutions, foreign, regulations against, 51-52
Finland
See also Nokia
Internet in, 36
mobile phone use in, 40, 129-132
Fischer, Stanley, 172, 173, 177, 178, 180, 182
fish industry, depletion of stocks, 261-262
Fitoussi, Paul, 280
Five O’Clock Club, 317, 321, 326
fixed-exchange-rate system, 51
Flanders, separatist movement in, 154
Flemings, 54
Foamex International, 115
Food and Agriculture Organization, 261
foods
ethnic, 193
genetically modified, 284-285
trade wars over, 283-287
Ford Motor Company, 15, 65, 101
foreign aid, to poor countries, 253-254
foreign direct investment (FDI), xviii, xxi, 29, 57, 254, 282
foreign-exchange market, 29, 51
foreign investments, long-term, in 1913, 5
foreign policy, advancement of humanitarian issues, 159
foreign portfolio investment, 57
foreign takeovers, 126
Forrester, Viviane, 277
Forstmann, Ted, 301
Fortress Europe, 287
Foucault, Michel, 277
France, 23
anti-American feelings in, 184-185, 286
anti-English language movement in, 185
education in, 300
entrepreneurs leaving, 294
limits on American television and movies, 186
stand against GM food, 287
tariffs in, 1926, 10
trente glorieuse, 18
university system in, 299
Frank, Robert, 202
Fraser Institute, xxvi
Frechette, Louise, 168
free-market capitalism, failure of in America, 11
free trade, 280-281, 333
books on the virtues of, 4
fundamentalism, 276-277
Keynes on, 4-7
opposition to, 9-11
Free Trade Act, 157
“Free Trade and Free Thought,” 4
French as an international language, 224
Fresco, Paolo, 67, 137
Friedman, Thomas, 52, 269
Frost, Tony. 127
Fukuyama, Francis, xxiii
Fulbright, William, 237
funeral business, 84-87
“clustering,” 86
cremation, 86
failure rate, 85
foreign corporations, 85, 86
heritage and tradition, 85
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
G
Galbraith, John Kenneth, 101
gambling, 94
Gates, Bill, 71, 72, 132, 145, 202, 210, 211, 212, 236, 307
antitrust actions against Microsoft, 147-148
philanthropic activities, 305, 306
GATT (General Agreement on Tariffs and Trade), 162, 164, 282
becomes the WTO, 165
GE Capital, 30, 53, 136
loan kiosks, 133, 134
G8, 165, 181
Gellner, Ernest, 144
GE Medical Systems, 137
p. 371 Gemplus, 227
General Electric, 33, 38, 66-67, 122, 125-126
as a conglomerate, 133-134
fundamental values, 137
GE-ification of foreign companies, 137-138
GE Power Systems, 38
global products group established, 136
idea-sharing at, 134-135
non-American managers in, 137
plastics factory in Barcelona, 136, 137
six sigma quality management program, 133, 135, 137
success of, 314
Tungstram plant in Hungary, 136
in Wales, 132-133
General Motors, 15, 70, 101, 122, 123
Blue Macaw project, 66, 256
in Brazil, 65-66, 256
early retirement at, 234
executive pay, 246
forcing older workers to retire, 245
Fremont, CA, closing of, 64
the future for, 257-258
global markets, 105
in Mexico, 245
pushing jobs overseas, 245
UAW Local 659 strike in 1998, 66, 243-247, 257
genetic modification of food, 283-284
Gephardt, Dick, 109
Germany, 20
anti-English language movement in, 185-186
educational system in, 298, 299
mobile phone use in, 40
stock market in, 312
Getty, Jean Paul, 302
Getty Center, 302
G5, 165
Giddens, Anthony, 279-280
Gillette, 121
Gingrich, Newt, 172
Giuliani, Rudy, 297-298
global brands, 104
Global Business Network (GBN), 106
global capital markets
effects of technology on, 50
“intellectual capital” market, 93
liberation of, 51
global classroom, 93-94
global currency, 179-180
globalization
See also antiglobalization;
myths of globalization
and changing society, 334-335
costs vs. benefits, 112
defense of, xxvi, 331-339
a definition of, xix-xx
delivering the dream, 337-338
factors driving it, 29
favors small companies, xxvi
history of, 7-9
increase in individual freedom, 335-337
limits on the power of government, 333-334
loneliness of, 336
losers from
in Brazil, 250-254
General Motors workers, 243-247
in Russia, 247-250
overcoming the paradox of, 339
of pornography, 82-84
raised the cost of bad government, 293
reintegration of, barriers to, 15
stages in becoming a big global company, 135-138
a turbocharged word, 10
Globalization and Its Discontents, 277
“Globalization of Markets, The,” 104
global management, 119-138
in emerging markets, 126-129
Madini family perfume business, 128-129
McDonald’s, Coca-Cola, and Disney, 119-120
pricing global products, 121
principles of
defining good international management, 124
ethical behavior, 124-125
leadership, 125-126
management matters, 123
people as most important resource, 125
size complicates, 123-124
success of Nokia, 129-132
understanding the full horror of, 120-121
global markets, percent of world output consumed in, 121
global organizations, 161-182
See also International Monetary Fund (IMF);
United Nations;
World Trade Organization (WTO)
development of, 163-165
multinational, growth of, 165-167
GM foods, opposition to abroad, 283-284, 287
Gobetti, Filipe, 250, 252, 254
Gobetti, Reginaldo, xx, 250-253, 256, 257, 310, 337
Gobetti, Rose Marie, 250, 251
Goethe, Johann Wolfgang von, 198
Goizueta, Roberto, 119
Goldsmith, Jimmy, 278
Goldsmith, Teddy, 278
gold standard, 56
Gomes de Souza, Aluizio, 260
Gonzales, Ron, 219
p. 372 Gorbachev, Mikhail, 160, 213
Gordimer, Nadine, 275
Gore, Al, xxv, 240
Gould, Philip, 240
governments
effects of globalization on, xxx-xxxi, 148-150
lack of faith in, 291
Grameen Bank, 43
Grant, Duncan, 4
Gray, John, 276-277, 286, 336
gray economy, 295
Great Betrayal, The, 278
Great Britain, 153
educational systems in, 298, 301
executive salaries, 67
film industry in, 196, 197
free-trading system in, 5
influence on globalization, 8
investing in stocks in, 312
long-term foreign investments in 1913, 5
in.1906, 3
pound driven out of the EMS, 49
>
protectionism embraced by (1931), 11
public spending in, 149
welfare state in, 87-89
“great grain invasion,” 6
Great Illusion, The, 6
Greenberg, Jack, 69, 105
Greenpeace, 162, 260, 275
Greenspan, Alan, 57, 59, 107, 108, 174, 180-181, 318
Grove, Andy, 32, 206
GSM, Europe, 41
Guangdong Kelon, subcontracting in, 127
Guardian, 280
Guggenheim, Bilbao, xix
Gupta, Rajat, 69, 72
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
H
“hacktivists,” 274
Hague. William, 240
Hague Peace Conference, 163
Haier, 127
Hale, David. 57
Hamburger University, 68-69
Hammarskjöld, Dag, 169, 171
Handspring, 207, 208
Handy, Charles, 70, 316, 321, 327
Hang Tran, 323-325, 327
Harvard Business Review, 74
Harvard Business School, 70
Hasbro, 109
Havana, Cuba, meeting in (1948), 14
Hawaii, ecology of, 308
Hawkins, Jeff, 207, 208
Hayek, Friedrich A. von, 8, 21-22, 276, 332
awarded Nobel Prize (1974), 22
Hayes, Ted, 193
healthcare, 323
hedge funds, 48, 56-57
Heilemann, John, 218
Heiligbrodt, William, 86
Helliwell, John, 157
Herder, Johann, 269
Heritage Foundation, 177
Hewlett, Bill, 204
Hewlett-Packard, 204, 209, 216, 217
Heylar, John, 102
Hezbollah, 273
Hiaasen, Carl, 185
Hirsch, Marci, 80
Hirsch, Steven, 79-83, 94
Hitchcock, Alfred, 184
Hitler, Adolf, 164
Hobbes, Thomas, 12, 13, 293
Hobsbawm, Eric, 144
Honda, 127
Hong Kong, 33
American films in, 187
education in, 300
financial survival in, 55
intervention in the stock market, 25
mobile phone use in, 40, 41
Hong Kong Jockey Club, 94
Hong Kong University, 70
Hoover, Herbert, tariffs and, 10-11
Hoxha, Enver, 143
Hsinchu Science Park, Taiwan, 212, 213, 226
L’Humanité, 280
Hungary
educational system in, 298
GE plant in, 136-137
Hungry Spirit, The, 316
Huntington, Samuel, 225, 230, 236
Hussein, Saddam, xxiv, 156, 159, 162
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
I
Iba, Mika, 286-287
IBM, 101
Icarian, 320, 321
Ideal X, 34
Idei, Nobuyuki, 124
Ikea, 227
IMD, 70
IMF
See International Monetary Fund (IMF)
Immelt, Jeff, 133, 134, 137
immigration, 5
anti-immigration legislation, 12
curbs on, 10, 19
impact on U.S. wages, 110
protests against those from North Africa and the Middle East, xxi
surge of, into the United States, 190
A Future Perfect: The Challenge and Promise of Globalization Page 52
