The End of the Nation State: The Rise of Regional EconomiesThe author argues that nation states have lost their ability to control exchange-rates and protect their currencies, and have consequently forfeited their role as critical participants in the global economy. Once efficient engines of wealth creation, nation states have become inefficient engines of wealth distribution, whose fates are increasingly determined by economic choices made elsewhere. |
Contents
The Ladder of Development | 21 |
The Civil Minimum | 41 |
National Interest as a Declining Industry | 59 |
The Emergence of Region States | 79 |
Zebra Strategy | 101 |
The Nation States Response | 117 |
A Swing of the Pendulum | 141 |
B New Zealands Makeover Outshines Australiasby Peter Osborne | 173 |
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American areas Asia Asian Asian Wall Street Australia Bank become borderless economy borderless world borders capital central government China Chinese citizens civil minimum companies competition corporations cost course create cross-border culture currency Dalian deficit deregulation dollar domestic economic activity effect electronics example exchange rate EXHIBIT flow forces foreign fundamentals FX market global economy global logic Guangdong Guangzhou Hong Kong Indonesia industries infrastructure interest rate investment island Japan Japanese Japanese consumer July Kansai Kenichi Ohmae Korea leaders linkages Malaysia managers manufacturing matter McKinsey ment million Myanmar nation nomic operations Penang percent political paradigms problem prosperity region result sector share Singapore social South Korea strategy subsidies sumers Taiwan tion Today today's Tokyo trade imbalance trading power traditional Triad United Vanino Wall Street Journal York Zealand zone