Ohmae argues that in the Interlinked Economy, corporations and consumers are more closely connected across boarders than ever, and politicians, bureaucrats and the military are declining in importance. All of this has happened because of the opening up of the world economy and increasing trade between nations, which in turn has been driven by rapid developments in communication technologies — the rise of the internet has made it easier for people to see what people in other countries consume, and has made it much easier to buy products from other countries too. Governments are no longer able to control information coming into their country, and thus they cannot control demand for foreign goods. If people see better standards of products being produced and consumed abroad they want them, and governments are increasingly powerless to prevent international trade in goods.
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WhatsApp Kenichi Ohmae born is the only internationally renowned Japanese guru who is known for his thinking about strategy rather than about operations. At the same time, Ohmae took American and European ideas and interpreted them for a Japanese audience. From there he was an early observer and commentator on the phenomenon of globalisation.
For many in the West, who believed Japanese industry was built on rational analysis and the subjugation of individual creativity, it was an eye-opener. Ohmae was also influential in spreading the idea that a major difference between Japanese corporations and their western counterparts was the time frame within which they worked.
Japanese firms look to the longer term, whereas western firms, driven by the demands of their stockmarkets, are more focused on short-term profits. He argued that this difference led western companies to pay too little attention to their customers. Ohmae is a man of many parts in a country whose people are known for specialisms rather than broad interests. That same year he stood for election as governor of Tokyo, equivalent to being mayor of London or New York.
He failed to win the election, however, and in he joined the school of public and social research at UCLA in California. To buy this book, please visit our online shop.
Kenichi Ohmae, The Borderless World – Neoliberal Radical Globalism