Successfully Managing the Risk and Development of Your Business and Technology in the Global Economy

Abstract

Abstract National and regional economies have become increasingly bound to a global economy with the availability of advanced communication, information and transportation technologies among others, while the advancement of science and technology in general has served as a driving engine for economic and industrial development of local and national economies, and subsequently for those of regional and global economies with substantial time lags in the past millennium. The globalization has given a significant impact on each society by accelerating instant and/or speedy flows of information, money, commodity, energy and human beings, and thus has provided increasingly equal opportunities to societies around the globe for the development of business and technology. Nevertheless, characteristics and specific boundary conditions of local areas, nations and regions still characterize the business and technological opportunities for specific communities. The global constraints such as limitation in natural resources and energy, and the global environmental issues have driven human beings to challenge a huge task for the new and renewable energy development, environmental protection, and development and utilization of space and other frontiers such as deep underground and deep seas, on a global scale of competition and cooperation. Under these circumstances, we will need to manage the risk and development of our business and technology increasingly from global perspectives, with due consideration on the global constraints and specific characteristics of the focused local societies. This paper is intended to set scene and raise issues for discussion at the subject symposium of ours.