"In his book The End of the Nation State, Japanese business guru Kenichi Ohmae speaks of a borderless economy. He argues that, in the future, you might have several hundred city states which will replace nation states. If you consider Hong Kong, for example, as an illustration, or Barcelona, or London, or indeed New York. These are global cities; they point outwards into the global marketplace. They do not have that much to do with the hinterland, the nation of which they are a part."
--http://www.fathom.com/course/10701014/session2.html
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