globally integrated “market economy” characterised by great income disparities. What lies behind this transformation? Why the …

different regimes, as well as their broader societal implications, are analysed in light of the US experience over the past … the industry, sectoral, national, and, finally, global level. In this sense, the current global merger wave is an integral … disaggregate level. An end to the present worldwide merger boom could therefore trigger global stagflation. (5) Stagflation crises …

managers should ask before embarking on a merger or acquisition. Design/methodology/approach This briefing is prepared by an … that more than 50 per cent of M&As destroy rather than create value. Companies wishing to embark upon a merger or … acquisition should thus think carefully before signing and ensure that they have made an impartial and critical analysis of the …