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The Laws of Globalization and Business Applications employs a variety of empirical methodologies to establish two broad regularities that apply to international activity at the firm, industry, and country levels - the law of semiglobalization and the law of distance - and explores some of their implications for business. Part I presents evidence in support of the law of semiglobalization at the country and the business levels historically and up to the present. Part II performs an analogous function regarding the second law of globalization, showing that the gravity models that international economists have used to analyze merchandise trade between countries also apply to other types of international interactions - and at the industry and firm levels as well.



About the Author

Pankaj Ghemawat

Pankaj Ghemawat - based in New York City and Barcelona - speaks, teaches, and consults on globalization and its implications on business strategy and public policy. He also specializes in emerging markets, sustainable competitive advantage, competitive dynamics, and strategic investment.

Ghemawat is the Anselmo Rubiralta Professor of Global Strategy at IESE Business School and Global Professor of Management and Strategy and Director of the Center for the Globalization of Education and Management at the Stern School of Business at New York University.

Between 1983 and 2008, he was on the faculty at the Harvard Business School where he became the youngest person in the school's history to be appointed a full professor (1991) .

Ghemawat is also the youngest "guru" included in The Economist's guide to the greatest management thinkers of all time (2008) . He is ranked among the top twenty management thinkers worldwide by Thinkers50. Other recent honors include the Booz Eminent Scholar Award of the International Management Division of the Academy of Management, the McKinsey Award for the best article published in the Harvard Business Review, and the Irwin Educator of the Year award from the Business Policy and Strategy Division of the Academy of Management.

Ghemawat's books include The New Global Road Map: Enduring Strategies for Turbulent Times (Harvard Business Review Press, 5/1/2018) , The Laws of Globalization (Cambridge University Press) World 3.0 (Harvard Business Review Press) , and Redefining Global Strategy (Harvard Business Review Press) .

The Economist recommends that Ghemawat's World 3.0 should "be read by anyone who wants to understand the most important economic developments of our time." It won Thinkers50's biannual award for the best business book.

Ghemawat is the principal author of the biennial DHL Global Connectedness Index and the Chairman of the Foundation for Practice and Research in Strategic Management (PRISM) . He served on the taskforce appointed by the AACSB, the leading accreditation body for business schools, on the globalization of management education, and authored the report's recommendations about what to teach students about globalization, and how.

For more, including dynamic maps and proprietary tools, visit Ghemawat.com.



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