IN A GLOBAL ECONOMY, ALL PARTS NEED TO PROSPER
''So, what is really going on out there?'' you ask, in ''The age of uncertainty'' (Editorials, Oct. 26). For a more complete answer, look to the principles of systems thinking. A ''confluence of events'' is not the only thing masking the true fundamentals of the global economy, creating this ''fog'' you refer to. The ''fog'' is being created by the tendency to see globalization from a perspective grounded in our history of living in a world of separate, independent nations. The world's economy has become one interdependent system, yet we continue to view it through independent eyes.
What's really going on, from a systems perspective, is that a new, single, global system is struggling to be seen for what it is--a system that can prosper only if all of its parts prosper. It is a single system, one that innately knows that either all of it will make it or none of it will. That's the way healthy systems work. The business world will prosper beyond its wildest imagination once it cuts through this fog and stops viewing the future through ''past-focused eyes.''
Steven G. Brant
Updated Nov. 5, 1998 by bwwebmaster
Copyright 1998, Bloomberg L.P.