| Abstract: | This article, based on the first of the 1999 Stockton Lectures, argues that the effective management of the global economy cannot be left to government: that international corporations have a crucial role too. Corporations that play this role can shape and be ahead of the public policy curve and thereby often gain competitive advantage. The public policy game between governments and international business can be co-operative and a positive sum game. If it is not, both sides will be weakened. Success is likely to elude companies adopting strategies that run against the grain of public policy. marketplace, and that it is to society's benefit that they should so do. |
