Seismic shock threatens the global village

Abstract

The foreign relations of corporations — the business of direct investment or trade — have never been as unstable or as complex as today. Looking back at the 1960s and 1970s, we see a halcyon period when the entire global economy was more comprehensible and consistent. But that underlying orderliness is gone now and, accordingly, corporations are finding their international strategies and plans harder to formulate and to trust. There are at least three broad streams of this new instability, fed by many tributary causes. One, the end of the pax Americana. Two, chronic recession and stagflation. Three, the interdependence of worldwide production and consumption in the West. In other words, our world has shrunk into what Buckminster Fuller called the “global village.”

Citation

Thackray, J. (1983), "Seismic shock threatens the global village", Planning Review, Vol. 11 No. 2, pp. 10-15. https://doi.org/10.1108/eb054015