During Peter Drucker’s lecture, he discusses: the structural changes in the world economy, the change in traditional manufacturing, a shift in business from capital to marketing, unhealthy development because of growth in old industries, his belief in the lack of economic growth in red China, the move to an export led stage of development, the growth potential of developing countries, agriculture as capital intensive and labor intensive, his belief in the downward drift in raw materials in terms of trade, the inadequacy of capital formation, the building of an under savings tendency based on our age structure in the modern economy, and the illusion of high rate capital formation in Japan. This is the first part of cassette 3.
Lectures and lecturing Competition, International Demographic transition Japan Labor supply Automation Subsidies Marketing Agriculture Brazil Organization of Petroleum Exporting Countries Capital Saving and investment
Source
Audio cassette: Peter Drucker Lectures, cassette 3, side 2; 4/23/80
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