- Email: [email protected]
The future of banking
390
Book reviews / International Business Review 12 (2003) 387–391
deserves not only credit and wide recognition, but also makes the World Investment Report an indispensable product for international business scholars, consultants and policy-makers in both developing and developed countries.
References UNCTAD (2002). World Investment Report, 2002: Transnational Corporations and Export Competitiveness. Geneva: United Nations. OECD (2002). The relationship between trade and foreign direct investment: a survey. Paris: OECD: Working party of the Trade Committee, Trade Directorate. Van Tulder, Rob, Van Den Berghe, Douglas, & Muller, Alan (2001). Erasmus Scoreboard of core companies. The world’s largest firms and internationalization. Rotterdam: Rotterdam School of Management.
Douglas van den Berghe Erasmus University Rotterdam, Dept. of Business-Society Management, School of Management, Po Box 1738, Rotterdam 3000 DR, Netherlands E-mail address: [email protected] Tel.: +31-10-408-1923; fax: +31-10-408-9019. doi:10.1016/S0969-5931(03)00022-2
The future of banking Benton E. Gup (Ed.). Quorum Books, London, UK, 2003, pp. 366. Banks first appeared with the civilizations of the distant past. Banks have been evolving ever since they first began and it is reasonable to state that banks are still evolving. The evolution of banking into the financial services industry is amply documented in history. One vital question is how to determine the form, the shape, the institutional role of banks that will be found as the various changes in the industry work themselves out. The other important question is what is likely to happen to the financial services industry as we now know it and as the role of banks changes. The editor of the new volume is one of a select group of authors who could provide a thought-provoking answer. In his preface, Benton Gup notes that the book “is about the future of banking in the broad sense of the word.” The book is a compendium of a dozen or so of topical essays, competent opinions and case studies, not including the editor’s initial chapter titled Creative Destruction which is an all to brief account of the growth of some of the world’s largest banking enterprises that are still around. Among the contributed essays, some are very good; others readable. The volume has a place in the readers’ personal libraries. Among the readable essays whose themes are: The future of banking (Ch. 2 & 3) both of which have an emphasis on the emerging markets, and Competitive viability of large and community Banks (Ch. 9). Among those I consider very good
Book reviews / International Business Review 12 (2003) 387–391
391
papers are: Financial modernization and restructuring under the provisions of the Gramm-Leach-Bliley Act, November 1999 (Ch. 5 & 6), The new institutional structure of banking (Ch. 8), and Microcredit for the poorest countries (Ch. 15). The Future of Banking is a useful book for graduate students. The contents have rich details, but for those seeking new insights, the length of the book, in relation to its substance, bears little consonance. Often, the chapters are too brief, and citations are not comprehensive. Regretfully, this reviewer finds the book less appealing than International Banking Crises (1999) also edited by Professor Gup, and it was reviewed in the International Business Review. Rose M. Prasad Central Michigan University, College of Business Administration, Sloan Hall 303, Mount Pleasant, MI 48859, USA E-mail address: [email protected] Tel.: +1-517-774-33411; fax: +1-517-774-6456. doi:10.1016/S0969-5931(03)00023-4
Book reviews / International Business Review 12 (2003) 387–391
deserves not only credit and wide recognition, but also makes the World Investment Report an indispensable product for international business scholars, consultants and policy-makers in both developing and developed countries.
References UNCTAD (2002). World Investment Report, 2002: Transnational Corporations and Export Competitiveness. Geneva: United Nations. OECD (2002). The relationship between trade and foreign direct investment: a survey. Paris: OECD: Working party of the Trade Committee, Trade Directorate. Van Tulder, Rob, Van Den Berghe, Douglas, & Muller, Alan (2001). Erasmus Scoreboard of core companies. The world’s largest firms and internationalization. Rotterdam: Rotterdam School of Management.
Douglas van den Berghe Erasmus University Rotterdam, Dept. of Business-Society Management, School of Management, Po Box 1738, Rotterdam 3000 DR, Netherlands E-mail address: [email protected] Tel.: +31-10-408-1923; fax: +31-10-408-9019. doi:10.1016/S0969-5931(03)00022-2
The future of banking Benton E. Gup (Ed.). Quorum Books, London, UK, 2003, pp. 366. Banks first appeared with the civilizations of the distant past. Banks have been evolving ever since they first began and it is reasonable to state that banks are still evolving. The evolution of banking into the financial services industry is amply documented in history. One vital question is how to determine the form, the shape, the institutional role of banks that will be found as the various changes in the industry work themselves out. The other important question is what is likely to happen to the financial services industry as we now know it and as the role of banks changes. The editor of the new volume is one of a select group of authors who could provide a thought-provoking answer. In his preface, Benton Gup notes that the book “is about the future of banking in the broad sense of the word.” The book is a compendium of a dozen or so of topical essays, competent opinions and case studies, not including the editor’s initial chapter titled Creative Destruction which is an all to brief account of the growth of some of the world’s largest banking enterprises that are still around. Among the contributed essays, some are very good; others readable. The volume has a place in the readers’ personal libraries. Among the readable essays whose themes are: The future of banking (Ch. 2 & 3) both of which have an emphasis on the emerging markets, and Competitive viability of large and community Banks (Ch. 9). Among those I consider very good
Book reviews / International Business Review 12 (2003) 387–391
391
papers are: Financial modernization and restructuring under the provisions of the Gramm-Leach-Bliley Act, November 1999 (Ch. 5 & 6), The new institutional structure of banking (Ch. 8), and Microcredit for the poorest countries (Ch. 15). The Future of Banking is a useful book for graduate students. The contents have rich details, but for those seeking new insights, the length of the book, in relation to its substance, bears little consonance. Often, the chapters are too brief, and citations are not comprehensive. Regretfully, this reviewer finds the book less appealing than International Banking Crises (1999) also edited by Professor Gup, and it was reviewed in the International Business Review. Rose M. Prasad Central Michigan University, College of Business Administration, Sloan Hall 303, Mount Pleasant, MI 48859, USA E-mail address: [email protected] Tel.: +1-517-774-33411; fax: +1-517-774-6456. doi:10.1016/S0969-5931(03)00023-4