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How Countries Compete: Strategy, Structure, and Government in the Global Economy
By
Richard H. K. Vietor
Vietor, an academic, argues that government strategy matters in setting the direction and creating the climate for a nation's economic development and profitable private enterprise. Drawing from history, economic analysis, and extensive interviews, he examines different governments' approaches to growth and development leading to success or failure in the context of their unique social, economic, cultural, and historic influences. The author considers the current environment and suggests a future direction for China, India, Japan, Singapore, the U.S., Mexico, Russia, Saudi Arabia, and South Africa. He explores at length the high growth in Asia; structural adjustments of institutions and other problems in South America, Africa and the Middle East; and deficits, debt, and stagnation in the developed world. He tells us "Riyadh and Mumbai are no longer very far from New York and Brussels, instantaneously [connected] by Internet--a single global economy with increasingly integrated markets, political problems, and social issues." Although all country-risk analysts may not agree with Vietor, he offers a valuable perspective.
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