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ArtikelThe New World Disorder  
Oleh: Barney, Jonathan ; Maguire, John ; Checa, Nicolas
Jenis: Article from Bulletin/Magazine - ilmiah internasional
Dalam koleksi: Harvard Business Review bisa di lihat di link ( vol. 81 no. 8 (2003), page 70-79.
Topik: new world order; business government relations; developing countries; economic conditions; foreign policy; political risk; trade agreements
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: HH10.22
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Isi artikelOn January 1, 1995, representatives from 76 countries signed the World Trade Organization (WTO) charter, which for years had been part of a temporary trade agreement. The WTO's emergence as a fully empowered supranational body seemed to reflect the triumph of what the first President Bush had described as the "new world order." That order was based on two assumptions : that a healthy economy and a sound financial system make for political stability and that countries in business together do not fight each other. The number one priority of U. S. foreign policy was, thus, to encourage the former Communist countries of Europe and the developing nations in Latin America, Asia, and Africa to adopt business - friendly policies. Private capital would flow from the developed world into these countries, creating economic growth. It sounded too good to be true and so it proved. The new world order of Bush pere and his successor, Bill Clinton, has been replaced by the new world disorder of Bush fils. Under the second Bush's administration, the economic and political rationale behind the Washington consensus of the 1990s has unraveled, forcing a radical change in our perceptions of which countries are safe for business. Negotiating this new environment will require companies to evaluate political events more rigorously and more carefully assess the links between political, economic, and financial risk factors. With careful analysis, business leaders can increase their companies' visibility and better respond to the uncertainties of the new world disorder.
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