Globalization has profound effects on national economies even as distinct national ‘models’ of capitalism remain. International and Comparative Business accessibly tracks the historical and socio-political contexts of the world's major countries on a chapter-by-chapter basis to the present day. The book provides a comprehensive, critical, yet concise introduction to each of the economies’ key features, including macro overviews as well as organizational and workplace-level analysis. Each chapter features learning objectives, in-depth interpretation and critique of key literature, and annotated further reading to allow readers to rigorously navigate their way through the wealth of material available for each country. This text is essential reading for students and researchers in the areas of international business and cross-cultural management, comparative political economy, and history.

The USA: The World'S Foremost Economic, Political and Military Power

The USA: The World'S Foremost Economic, Political and Military Power

The USA: The world's foremost economic, political and military power

Chapter Objectives

  • To provide brief background on the rapid growth of the USA from inauspicious beginnings to the world's only superpower
  • To explore key concepts of the US business model through three main historical stages: the Gilded Age (19th to early 20th century), the era of managerial capitalism (1940s–1980s) and the stock market-fuelled rise of investor capitalism (1990s and beyond)
  • To discuss the USA as a highly complex, multifaceted political environment of 50 states plus a powerful federal bureaucracy
  • To describe the USA as simultaneously the world's most dominant economy, yet also a country facing some major problems such as market failure and widespread poverty

Introduction

The story of the USA's ...

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