East and west: Culture, economics or power

Lane, Richard (2012). East and west: Culture, economics or power. In: Hussain Rammal, Fusion or Fracturing? Implications for International Business: Proceedings of the ANZIBA Annual Conference 2012. ANZIBA Annual Conference 2012, Adelaide, SA, Australia, (1-17). 12-14 April 2012.

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Name Description MIMEType Size Downloads
Author Lane, Richard
Title of paper East and west: Culture, economics or power
Conference name ANZIBA Annual Conference 2012
Conference location Adelaide, SA, Australia
Conference dates 12-14 April 2012
Proceedings title Fusion or Fracturing? Implications for International Business: Proceedings of the ANZIBA Annual Conference 2012
Place of Publication Adelaide, SA, Australia
Publisher ANZIBA
Publication Year 2012
Sub-type Fully published paper
ISBN 9780980789928
Editor Hussain Rammal
Start page 1
End page 17
Total pages 17
Collection year 2013
Language eng
Abstract/Summary The paper discusses the convergence of the institutions and culture of East and West to 2050. The post-war global architecture was established by America but the rise of the non-Western world presents a challenge to views of the world that have dominated for centuries. The rise of China, along with India and other developing countries, represents a change unprecedented in human history. It entails reconsideration of accepted practices and understanding of economic theory, trade, and resource availability, and is taking place in an era of historic change in manufacturing productivity and information technology. The question of whether there will be convergence therefore falls logically into two parts: whether the non-Western world will come to dominate and then, if so, whether this rebalancing is likely to result in significant changes or conflict in economic or business approaches. The paper considers the historic record, current issues, and theoretical views. There are major problems to be overcome with the expected growth of the East. However, the East has adopted a basically Western capitalist approach and the Eastern and Western business and economic models are likely to converge as the developmental process completes.
Q-Index Code E1
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Paper 73

Document type: Conference Paper
Collections: Official 2013 Collection
UQ Business School Publications
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Created: Wed, 02 May 2012, 09:42:54 EST by Karen Morgan on behalf of UQ Business School