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World 3.0: Global Prosperity and How to Achieve It Hardcover – May 3, 2011

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Product Details

  • Hardcover: 400 pages
  • Publisher: Harvard Business Review Press (May 3, 2011)
  • Language: English
  • ISBN-10: 142213864X
  • ISBN-13: 978-1422138649
  • Product Dimensions: 1.2 x 6.8 x 9.8 inches
  • Shipping Weight: 1.5 pounds (View shipping rates and policies)
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (17 customer reviews)
  • Amazon Best Sellers Rank: #101,646 in Books (See Top 100 in Books)

Editorial Reviews


“it should be included on the reading list of anyone interested in the subject.” – Publisher’s Weekly

“World 3.0's cautious tone is refreshing…” – USA Today

“a very smart book” - TIME

“At last, some sense on globalization...deserves a wide audience...” - The Economist

“An excellent new book… thoughtful and persuasive… [ Ghemawat’s] ambition is commendable and his argument compelling.” — International Affairs

“a unique look at globalisation…” - Business Today

“The book is a solid read, backed by hard data and supplemented with easily understood illustrations.” – Business Today Egypt

“In World 3.0, Pankaj Ghemawat provides a fresh look at cross-border integration and its implications. He demonstrates why integration and regulation must be seen as complementary. And he offers great recommendations that should inspire all stakeholders in times of major global challenges. A must-read.”
--Pascal Lamy, Director-General of the World Trade Organization (WTO).

“We are currently stuck in ‘World 2.0,’ a world in which the further impact of global integration is seen as limited. Professor Ghemawat artfully proposes how we can move to ‘World 3.0,’ in which openness leads to wider technological, cultural, and social benefits. The transfer of knowledge—through people, trade, or investments—could have a significant impact on growth. This is an interesting and timely argument that deserves careful consideration.”
--Dr. Supachai Panitchpakdi, Secretary-General of the UN Conference on Trade and Development (UNCTAD)

“World 3.0 is a comprehensive framework for thinking about globalization, market failures, and market integration. Ghemawat sets a visionary but pragmatic agenda for senior managers, businesses, and governments. His views about managing capital reversals and imbalances while exploiting the large untapped potential of globalization are particularly relevant.”
--Michel Camdessus, former Managing Director, International Monetary Fund

“This book deserves to be read widely. It establishes—through the type of clinical analysis on which Ghemawat has built his reputation as a global strategist—that the current world we live in is, at best, semiglobalized, and then proceeds to spell out the implications of such a world for individuals, businesses, and governments.”
--Ratan Tata, Chairman, Tata Group

“This is the right book at the right time. After the most severe economic crisis since the Great Depression, many leaders are looking for ways to make the global economy more stable and sustainable. World 3.0 offers well-reasoned strategies for achieving that.”
-- Peter Löscher, President and Chief Executive Officer Siemens AG

“Pankaj Ghemawat has provided an impressive and comprehensive analysis of the world’s situation in times of globalization and strong economic and social imbalances. His book contributes to fostering the mind-set that will enable us to reshape this world in a sustainable way. If we believe in ‘World 3.0,’ we will be able to build it.”
--Mohammed Yunus, founder of Grameen Bank and recipient of the Nobel Prize for Peace

About the Author

Pankaj Ghemawat is the Anselmo Rubiralta Professor of Global Strategy at IESE Business School, in Barcelona and served for more than twenty years on the faculty of the Harvard Business School, where in 1991, he became the youngest person in the school’s history to be appointed a full professor. Ghemawat has been described by Michael Porter as “one of those rare individuals who combines world-class scholarship with a deep knowledge of business practice.” He is also the youngest “guru” included in the guide to the greatest management thinkers of all time published in 2008 by The Economist.

More About the Author

Pankaj Ghemawat is the Anselmo Rubiralta Professor of Global Strategy at IESE Business School. Between 1983 and 2006, he served on the faculty at the Harvard Business School where, in 1991, he became the youngest person in the school's history to be appointed a full professor. And before that, he earned his A.B. degree in Applied Mathematics and his Ph.D. in Business Economics from Harvard.

Ghemawat was also the youngest "guru" included in the guide to the greatest management thinkers of all time published in 2008 by The Economist. His books include Commitment, Games Businesses Play, Strategy and the Business Landscape and the award-winning Redefining Global Strategy, which The New York Times called " a nicely revised picture of globalization as regionalization."

He is the author of more than 100 research articles and case studies, ranks as one of the world's best-selling authors of teaching cases, and has been elected a fellow of the Academy of International Business and of the Strategic Management Society. Other recent honors include the McKinsey Award for the best article published in the Harvard Business Review and the Irwin Award for the Educator of the Year from the Business Policy and Strategy division of the Academy of Management.

Ghemawat is active in helping companies, governments, multilateral institutions, and business schools better understand and address international opportunities and challenges. He consults on strategy and leadership development around the world and is a regular speaker on globalization-related topics. He also served on the taskforce appointed by the AACSB, the U.S.-based accreditation body for business schools, on the Globalization of Management Education, and authored the report's recommendations concerning what to teach about globalization, and how.

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Customer Reviews

This is a nuanced book.
Robert David STEELE Vivas
Pankaj Ghemawat's new book is a tantalizing tour of the global economy.
This is a must-read book.
Guy P. Pfeffermann

Most Helpful Customer Reviews

16 of 17 people found the following review helpful By Robert David STEELE Vivas HALL OF FAMETOP 500 REVIEWER on September 15, 2011
Format: Hardcover Verified Purchase
This is a nuanced book. It is not possible to "review" it without having actually read it, read it carefully, and then read it again. It was easily a five as I got into it, and then became a six as I appreciated just how magnificently the author has reframed all future discussion of this topic, and set the gold standard for data-driven discussion--not something they do in Bonn, London, Paris, or Washington.

This is not a book for data geeks. The author excells from the first page in emphasizing the importance of perception and understanding (however wrong they might be_, and the tangible relevance of convictions, history, and philosophy....these MATTER to business, and in this book I believe the author takes the intellectual and ethical level of any business discussion about globalization and about regulation up a notch.

In a nutshell, the author demonstrates conclusively that globalization is not happening to the extent it could and should, and that globalization should not occur without regulation--the free market fallacy, like the Enlightenment fallacy of open societies that George Soros has recently articulated, is rejected. The author is an advocate of dramatically increasing globalization in terms he defines, while also assuring that regulation keeps pace, not in the micro-sense, but in the macro-sense. His view is that social gains are achievable, if rooted in a solid appreciation of business perceptions.

Two books I would recommend to bracket this one, one focusing on the threats to be eradicated, ideally while making a profit, the other on the source of the wealth and entrepreneurship now untapped by predatory capitalism:

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15 of 16 people found the following review helpful By L. A. Brudner-white on May 1, 2011
Format: Hardcover Verified Purchase
This is a must read for professional economists, policy wonks or those who like to be well informed both in terms of theory and facts on the competative economics of globalization. The author as the book jacket informs us is one of the youngest geniuses who has been among other things on the Harvard faculty as a full professor. He writes clearly, lucidly and in a splendid teaching mode. It is also useful to have read when you hear proposals from our own government and the claims of various pollitical parties. It has a informative discussion comparing U.S. and Chinese economic strategies, their advantages and disadvantages. However, the book goes beyond that and is a comparative discussion of wider breadth.
In the general discussion the first chapter is entitled, "colliding worldviews" and it is a discussion on different general theories about growth and about the predicaments posed by different visions and policies. Don't miss this chapter in part I. Part Two is especially interesting as the meat and potatoes of what the author terms, "Seven possible problems" is opened up and theory and data examined; this part includes solid discussions on (l)global concentration at a general level, (2)global externalities, discussing among other things costs and benefits of different economic strategies, (3) global risks, (4) global imbalances, (5) global exploitation, (6) global oppression, (7) global homogenation. For those who want to get the best update on economic aspects of globalizaiton this is a book to have read as it is very precise about how business, economic policy really works and the bibliography is splendid.
It goes well beyond Thomas Friedman's, The World is Flat in its empirical detail.
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12 of 13 people found the following review helpful By Guy P. Pfeffermann on July 13, 2011
Format: Hardcover
This is a must-read book.

Amid increasing ideological polarization, Professor Ghemawat's "World 3.0" provides a refreshingly balanced view of "globalization". Unlike some recent pop-business and pop-economics books, which draw over-simplified conclusions from a few "illustrative" cases, this is a scholarly book grounded in macro and micro economics as well as business knowledge. It is a pleasure to read, studded as it is with apt cartoons and witty headings (e.g., "Anxious in Andorra", written with verve.

As a retired Chief Economist who worked for 40 years at the World Bank, I am impressed by the breadth and depth of the book. It focuses on interactions between individual country and the rest of the world. These are mainly economic and financial (imports, exports, foreign investment, migration, and so forth) but also cultural, psychological, and in the concluding chapter about human potential. The author considers the likely impact of internationalization on equity as well as well as growth.

The book posits four "Worlds". In World 0.0 life was "nasty, brutish and short". This was a world without Government - think of Somalia or a Tea Party utopia. Fast-forwarding a thousand years, in World 1.0, nations were largely self-contained. Then came the Industrial Revolution, "globalization" with its ardent proponents - e.g., Thomas Friedman's "The World is Flat" and no less zealous detractors such as Naomi Klein.

Professor Ghemawat steps back from these noisy polemics and presents readers with a wealth of facts, which individually as well as in the aggregate demonstrate that while international activities have increased enormously since the Industrial Revolution, they remain modest in relation to national economic, financial and cultural activities.
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