World War II to 2011: Changes and Challenges in the Global Economy

Robert Hormats and Ariel M Ratner

Business Economics, 2011, vol. 46, issue 3, 144-153

Abstract: This paper discusses six major changes and challenges that have emerged since World War II that will shape the global economy for the indefinite future. These are the changing economic role of women, the emergence of the global economic and financial system, the re-emergence of state-supported enterprises, the impact of the Internet, the global diffusion of opportunity and innovation, and globalization as an opportunity and a threat. How these challenges are addressed will have important consequences for business and for public policy. In addition to the prepared remarks, this paper also has a summary of the question-and-answer session that followed Dr. Hormats’ address.

Date: 2011
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