Introduction and Overview

Martine Cardel Gertsen, Anne-Marie Søderberg and Mette Zølner
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Martine Cardel Gertsen: Copenhagen Business School
Anne-Marie Søderberg: Copenhagen Business School
Mette Zølner: Copenhagen Business School

Chapter 1 in Global Collaboration: Intercultural Experiences and Learning, 2012, pp 1-11 from Palgrave Macmillan

Abstract: Abstract The West has dominated the world for half a millennium, but at present there are signs that this is about to change and that Asia, in particular China and India, will come to occupy that position in the socio-economic global framework. These two populous countries have sustained high growth rates for several decades, far surpassing those in the West. In 2010, India’s gross domestic product (GDP) grew 9.7 per cent, and that of China by 10.3 per cent. The corresponding figure for the United States is 2.8 per cent, while that of the Euro Area is 1.8 per cent (International Monetary Fund, 2011) and that of Denmark is 2.1 per cent (Danmarks Statistik, 2011). Although growth rates in Asia may slow down in the coming years, they are still expected to be higher than in the West. Young Asians’ growing confidence in Asia’s future is documented by a recent survey of foreign students in the United States. The results show that only 6 per cent of Indian students and 10 per cent of Chinese students would like to stay on in the United States on a permanent basis. This is a significant change compared with surveys made only five to ten years earlier, which showed that more than 80 per cent of these students wished to stay in the United States if possible (Wadhwa et al., 2009).

Keywords: Corporate Social Responsibility; Gross Domestic Product; Euro Area; Cultural Learning; International Business Study (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-02606-4_1

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DOI: 10.1057/9781137026064_1

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