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This is side a of tape 3, from the luncheon of the Annual Drucker Symposium of 1990. For a majority of the recording, Drucker discusses shifts in the global economy. Drucker explains that until recently, there were only two ways to be integrated in an international economy: exporting or multinational. During the 1700s the British controlled trade, causing American and German businesses to form subsidiaries in foreign countries. Subsidiaries acted as replicas of their parent companies, the difference being that parents controlled research, product development, had financial control, and appointed the top people in the subsidiaries. Drucker goes on to describe the shift from integration to partnerships and joint ownerships, which he attributes to technology, the inability to sustain subsidiaries in the global market, and the prohibitively high costs of multinationals.
Drucker, Peter F. (Peter Ferdinand), 1909-2005 New York University. Graduate School of Business Administration Lectures and lecturing Multinational corporations Japan Subsidiary corporations Global economy and development Annual Drucker Symposium
Original cassette tape: Drucker Archives; Box 68, Audio Recordings, Cassette Tapes, 3 Drucker 4/25/90 AM: #3 side a