The traditional concept of the global triad, which dominates international business, does not incorporate emerging market economies. This paper introduces a different triad based on global corporate governance that includes the Anglo-Saxon, Communitarian, and 'emerging' business systems. The new framework has two advantages. Firstly, it provides a more multidisciplinary approach to the global economy, including institutions, politics and social factors, as well as the traditional economic factors. Secondly, the framework is more dynamic in the sense that it takes into account the movement from developing to emerging, and to mature systems.
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