Saturday, 22 November, 2008

The World is Flat?

No, this is not the same post as one of my previous ones (Note the '?')

I had posted a kind of a review of the book The World is Flat. I call it kind of a review because I had invited everybody to also discuss what it meant on the face of the current financial crisis. I had posted the same on The Reader's Paradise, one of the other blogs I contribute to. Now, I received a comment on it, take a look here. For those too lazy, the comment runs thus:

I wouldnt presume to be an expert, but this is what Joseph Stiglitz (Nobel winner for economics and was Chief Economist at World Bank) said while on a trip to India - 600 million people from India (out of the one billion!) have been left out of the “development” fold of globalization.
Then there is a small, but interesting book I would recommend reading, by Aronica and Ramdoo, "The World is Flat? A Critical Analysis of Thomas Friedman's New York Times Bestseller," which offers a counterperspective to Friedman's theory on globalization.
Interestingly enough, the book written about two years back, discusses in the following chapters,
"Debt and Financialization of America"
"America"s Former Middle Class"
"A Paradigm Shift for America" with prescriptions for the future
the debt ridden American society, deregulated financial institutions, mortgage crisis and other related issues, with clear pointers to the economic crisis gripping US today. For more information regarding the same, check this out:
This is a small book compared to the 600 page tome by Friedman, and aimed at the common man and students alike. As popular as the book may be, some reviewers assert that by what it leaves out, Friedman's book is dangerous. The authors point to the fact that there isn't a single table or data footnote in Friedman's entire book.
"Globalization is the greatest reorganization of the world since the Industrial Revolution," says Aronica.
You may want to see
and watch for an interesting counterperspective on Friedman's"The World is Flat".Also a really interesting 6 min wake-up call: Shift Happens!
There is also a companion book listed: Extreme Competition: Innovation and the Great 21st Century Business Reformation
I did check out each one of them, and before I give my word on it, I would like to have yours, but there is one thing I want to add. Just as a matter of curiosity, I googled the entire name of the book in double quotes and I found that this particular comment exists on a lot of blogs which had mentioned the original book by Thomas Friedman, mostly by an anonymous person, but the fact that there's always a personal note involved (the first line, in this case) clearly indicates that this is not spam. In this case, name of a person does exist but his/her blogger profile is not up for public viewing. So I don't know what to make of it, because this book does exist and the links seem authentic too. Is it just publicity? However, that issue notwithstanding, I would be interested in knowing what you guys think about the entire present situation.

No comments: