“Most of us do not need much persuading that the world is still round, but Pankaj Ghemawat redefines its circularity. He shows how companies can benefit from what he calls semiglobalization, while not falling into the traps unwittingly set by those who talk glibly about our ‘globalized world.’”

—Sir Howard Davies, Chairman, Royal Bank of Scotland

“An impeccably researched reassessment of the global business world—not as an ideal but as it really is.”

—Sir Martin Sorrell, CEO, WPP Group

“Now things are clear. Nations and cultures will continue challenging the babel-like perspectives of those who see an irresistibly globalizing world. Pankaj Ghemawat’s refreshing and thought-provoking book brings us to the real world.”

—Michel Camdessus, former Managing Director, International Monetary Fund