West Meets East: Enlightening, Balancing, and Transcending
Ming-Jer Chen, Program Chair
June 14, 2010
The Academy of Management holds its 2011 conference against a backdrop of daunting challenges. The world economic crisis has destroyed vast amounts of wealth and millions of jobs. Business enterprises, governments, and public institutions around the globe have been forced to undertake major restructuring and transformation efforts.
At a time of volatility and uncertainty, the world is looking for new sources of growth and alternative business models. China has clearly been one of the drivers of growth over the past two decades. Now the world’s leading recipient of foreign direct investment and the largest holder of U.S. Treasury bills, it has progressed from being the world’s factory to being an overseas expansionist on a shopping spree. India and Korea have followed similar trajectories: Tata Motors’ recent acquisition of Jaguar/Land Rover and Samsung’s rise to global dominance, to name only two examples, seem to signal a sea change in the global business arena.