The world economy is not yet a community--not even an economic community...Yet the existence of the 'global shopping center' is a fact that cannot be undone. The vision of an economy for all will not be forgotten again. -- The Age of Discontinuity (1969)
About this quote
- What does it mean?
- Drucker notes the global economy isn’t a community yet, but the global shopping center exists and the vision of a universal economy persists.
- In plain terms
- The world market is real, even if true economic community isn’t.
- What can you take from it?
- Economic integration is ongoing but incomplete.
Where it applies
Putting it to work
Questions to consider
- What steps are needed to turn a market into a community?
- How does global commerce affect local economies?
Another view
Economic interdependence can create vulnerabilities.
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