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Global Changes in Business and Economics

In: Global Interdependence

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  • Richard D. Teach

    (Georgia Institute of Technology, School of Management, Ivan Allen College of Management, Policy and International Affairs)

Abstract

The winds of change are blowing on the earth. While there are unseen forces at work, many are known. The biggest change is the recognition that it is the market place and not command economics that drives economic activity and growth. As global markets grow, there will be room for many entrepreneurial endeavors. One can expect to see some equalization of economic well-being across the economically-advanced nations, and more countries being admitted to this club. Simulation and gaming will play a major role in training the managers and planners of the future.

Suggested Citation

  • Richard D. Teach, 1992. "Global Changes in Business and Economics," Springer Books, in: David Crookall & Kiyoshi Arai (ed.), Global Interdependence, pages 259-262, Springer.
    • Handle: RePEc:spr:sprchp:978-4-431-68189-2_31
    DOI: 10.1007/978-4-431-68189-2_31
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