Foundation of scholarship Essay Example | Topics and Well Written Essays - 500 words

Foundation of scholarship - Essay Example1) and the end of rural area states.Since the time of their emergence national states have always been among the key participants in the world economy. However, the time when nation states were highly effective in creation of wealthiness is over, and nation states of this epoch have turned into simple mechanisms of wealth distribution. The function of wealth creation has shifted toward and distributed among four forces, namely investment, corporations, consumers, and information technology. Ohmae does a really capital job explaining capital and organizational benefit from the advanced modern instruments of communication thus facilitating international transaction and how modern type of consumers affects the flow of goods and services.As a result, investments have ceased to be domesticatedally driven and become so profit driven, that even the nation states increasingly invest abroad these days instead of reinforcing their domestic potential . Similarly, industries and corporations also do not perceive the state interests as the primary guideline in their operations and become increasingly involved in multinational activities.