The Laws of Globalization and Business Applications

The Laws of Globalization and Business Applications

by Pankaj Ghemawat
Pub. Date:
Cambridge University Press


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The Laws of Globalization and Business Applications

The Laws of Globalization and Business Applications employs a variety of empirical methodologies to establish two broad regularities that apply to international activity at the firm, industry, and country levels - the law of semiglobalization and the law of distance - and explores some of their implications for business. Part I presents evidence in support of the law of semiglobalization at the country and the business levels historically and up to the present. Part II performs an analogous function regarding the second law of globalization, showing that the gravity models that international economists have used to analyze merchandise trade between countries also apply to other types of international interactions - and at the industry and firm levels as well. Part III applies these laws to various challenges and opportunities that distance along various dimensions presents to multinational firms. A free online appendix provides additional data, analysis, and documentation to support research applications.

Product Details

ISBN-13: 9781316615027
Publisher: Cambridge University Press
Publication date: 10/31/2016
Edition description: New Edition
Pages: 408
Sales rank: 700,705
Product dimensions: 5.98(w) x 8.98(h) x 0.79(d)

About the Author

Pankaj Ghemawat is a Professor at NYU Stern School of Business, where he directs the Center for the Globalization of Education and Management, and the Anselmo Rubiralta Professor of Global Strategy at IESE Business School. He served for more than twenty years on the faculty of Harvard Business School, where in 1991, he became the youngest person ever to be appointed a full professor. Recent honors include the Booz Eminent Scholar Award of the International Management Division of the Academy of Management. He served on the AACSB's taskforce on the globalization of management education, and authored the report's recommendations about what to teach students about globalization, and how.

Table of Contents

Introduction; Part I. The Law of Semiglobalization: 1. Defining and measuring globalization with Steven A. Altman; 2. The depth of globalization; 3. Globalization in historical perspective with Geoffrey G. Jones; 4. The globalization of business; Part II. The Law of Distance: 5. The breadth of globalization and distance; 6. Distances at industry and company level with Steven A. Altman; 7. Distance and international business research with Steven A. Altman; Part III. Business Applications: 8. Cultural distance and national cultural differences with B. Sebastian Reiche; 9. Administrative distance and institutional variety with Thomas M. Hout; 10. Geographic distance and regionalization with Steven A. Altman; 11. Economic distance and the big shift to emerging economies with Steven A. Altman; Index.

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