Summary: Most parts of the world have experienced pressures from the globalization of markets in goods and services. The main questions on the agenda of many organizations, both in the private, and public sectors are: How can they meet the challenge of globalization by developing capability to be effective and innovative? What strategies are available to organizations and national economies to improve competitiveness? In what ways are the boundaries between market and hierarchy, and between state and market, being redefined by such things as business process outsourcing, off-shoring, and world trade negotiations? What roles can business and other non-state actors (including business schools) play in developing global and local institutions? What are their roles in the creation and diffusion of managerial knowledge and practice across national borders?

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