Boom

When it comes to business and management books, there is a typology that categorizes much of the writing in this genre into two: by thinkers who can't do and by doers who can't think! This underlines the fact that academic analysis, by itself and without practical relevance, achieves very little. Similarly, so-called practical recipes for success with a narrow focus and little real understanding of the underlying principles also leave much to be desired.Therefore, when a book that makes an important contribution to the understanding of an increasingly competitive global economy such as BOOM makes the scene, it is to be welcomed as a breath of fresh air. Written by two authors with strong credentials who are themselves in the midst of building a multinational enterprise, this book speaks with a certain air of authority and credibility. Frank Vogl was born in London and educated at Leeds. A former Reuters reporter and European business correspondent of The Times, he moved to the USA to become US economics correspondent for The Times and then director of information and public affairs at the World Bank. He is now a director of Sutton Resources Ltd of Canada, of which James Sinclair is a fellow director and chairman. Sinclair is an authority on investment and financial markets and was formerly head of a leading Wall Street precious metals trading firm. His previous books include The Strategic Metals War and How to Make Money in Gold Currencies.In Part One, BOOM and the New Industrial Revolution, authors Vogl and Sinclair forecast dramatic changes in the global economy, with an unprecedented era of growth providing extraordinary opportunities for business: hence the 'boom' scenario. The authors see this new era of economic growth unfolding in most of the countries of the world gathering momentum as we enter the 21st century. As a natural consequence of the new industrial revolution taking place in emerging economies, hundreds of millions of people, if not billions, will benefit and rise from poverty to form the new middle classes of Asia, particularly in China and India, and concurrently in Latin America, Africa and Eastern Europe. Supplying the customer demands in this emerging market and building the infrastructure for these economies, say Vogl and Sinclair, represent outstanding business opportunities not to be missed. The boom is stimulated by the steady growth and low-inflation policies now being seen in leading industrialised countries as well as by economic policies in dozens of emerging market economies that encourage investment, savings, and price stability. These economic policies are supported by social policies that are raising educational and health levels in many parts of the developing world. The authors argue that these economic and social policies will be strengthened as markets for all manner of goods and services in developing countries are being linked by technology, telecommunications, and multinational investors. Thus, the 'boom'

When it comes to business and management books, there is a typology that categorizes much of the writing in this genre into two: by thinkers who can't do and by doers who can't think! This underlines the fact that academic analysis, by itself and without practical relevance, achieves very little. Similarly, so-called practical recipes for success with a narrow focus and little real understanding of the underlying principles also leave much to be desired.Therefore, when a book that makes an important contribution to the understanding of an increasingly competitive global economy such as BOOM makes the scene, it is to be welcomed as a breath of fresh air. Written by two authors with strong credentials who are themselves in the midst of building a multinational enterprise, this book speaks with a certain air of authority and credibility. Frank Vogl was born in London and educated at Leeds. A former Reuters reporter and European business correspondent of The Times, he moved to the USA to become US economics correspondent for The Times and then director of information and public affairs at the World Bank. He is now a director of Sutton Resources Ltd of Canada, of which James Sinclair is a fellow director and chairman. Sinclair is an authority on investment and financial markets and was formerly head of a leading Wall Street precious metals trading firm. His previous books include The Strategic Metals War and How to Make Money in Gold Currencies.In Part One, BOOM and the New Industrial Revolution, authors Vogl and Sinclair forecast dramatic changes in the global economy, with an unprecedented era of growth providing extraordinary opportunities for business: hence the `boom' scenario. The authors see this new era of economic growth unfolding in most of the countries of the world gathering momentum as we enter the 21st century. As a natural consequence of the new industrial revolution taking place in emerging economies, hundreds of millions of people, if not billions, will benefit and rise from poverty to form the new middle classes of Asia, particularly in China and India, and concurrently in Latin America, Africa and Eastern Europe. Supplying the customer demands in this emerging market and building the infrastructure for these economies, say Vogl and Sinclair, represent outstanding business opportunities not to be missed. The boom is stimulated by the steady growth and low-inflation policies now being seen in leading industrialised countries as well as by economic policies in dozens of emerging market economies that encourage investment, savings, and price stability. These economic policies are supported by social policies that are raising educational and health levels in many parts of the developing world. The authors argue that these economic and social policies will be strengthened as markets for all manner of goods and services in developing countries are being linked by technology, telecommunications, and mul

Never before has the whole topic of globalization, from its economic ramifications for the next 25 years, to its impact on business and management, to its societal impact (notably the issue of corruption) been captured so well. This is must reading