In his discussion about the economy, Drucker comments on the world economy, changes in trade and investment, the relationship between the world economy and the domestic economy, and trade policy. He says that a lesson learned from the last 40 years is that there is a direct relationship between increased participation in the world economy and increased domestic economic growth. Drucker provides insight into the Pacific Rim countries and the world economy, highlighting China and Japan. The new world economy has changing centers of power and new growth markets. The transformation of society has changed from that of a farming society to blue-collar workers and then knowledge workers.
Formal education is essential for the knowledge worker.
Drucker comments on the success of nonprofit organizations and the experience of volunteerism. He offers that the federal government would do well by conducting performance reviews of federal agencies and programs. The federal government has had successes and failures, both of which we can learn from. Peter F. Drucker's book is easy to read and provides clear insight about changes that have taken place in management, information, the economy, and society in major countries of the world. He emphasizes that knowledge and teams are the keys for the future.