Emerging markets

Can the World Survive the Triumph of Capitalism?

As free markets spread from Beijing to Budapest, the global economy is spinning out of control.

by

Jeffrey E. Garten

by

Jeffrey E. Garten

From the Magazine (January–February 1997)

One World, Ready or Not: The Manic Logic of Global Capitalism, William Greider (New York: Simon & Schuster, 1997).

A version of this article appeared in the January–February 1997 issue of Harvard Business Review.

JG

Jeffrey E. Garten is dean of the Yale School of Management in New Haven, Connecticut. He is the author of “Troubles Ahead in Emerging Markets” (HBR May–June 1997) as well as The Big Ten: The Big Emerging Markets and How They Will Change Our Lives (Basic Books, 1997).

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