The notes from Peter Drucker's talk on the changing world economy to Drucker School alumni in Los Angeles. Peter Drucker says that the dollar is the worst major trade currency and that you have to know how to manage foreign exchange. He talks about reproduction rates and population in Europe and Japan, and retirement. He discusses productivity of knowledge workers, and asking how the work should be done. Drucker talks about the rapid economic development of China, and says that the world is becoming more integrated, but not economically. He says that the Japanese have not done well in Europe over the last few years, and that the Koreans are taking over the European market. Drucker explains that the computer has made management far less competent because all the data you get, is inside data. He says that the accounting system is the oldest management system, and that all the information you get from accounting is internal. He goes on to answer questions from the audience on money, compensation structures, the gap between the highly educated and the non-educated, and decentralization and China.
Drucker, Peter F. (Peter Ferdinand), 1909-2005 Lectures and lecturing Universities and colleges - Alumni and alumnae Simon, Hermann Money Foreign exchange Population China Computers Accounting Claremont Graduate University Retirement Knowledge workers Nurses Rich people
Source
Floppy disk: Notes from Peter Drucker's talk on the Changing World Economy, November 6, 1997; Drucker Archives; Peter F. Drucker, "The Changing World Economy," (Jonathan Club, Los Angeles), 11-6-97; doc file converted into pdf file; 3.5 inch floppy disk
If you're wondering about permissions and what you can do with this item, a good starting point is the "rights information" on this page. See our terms of use for more tips.
Share your story
Has Calisphere helped you advance your research, complete a project, or find something meaningful? We'd love to hear about it; please send us a message.
