Book Review: The World is Flat by Thomas L. Friedman: The mechanisms of globalisation
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About this ebook
The World is Flat is an award-winning book by three-time Pulitzer Prize winner Thomas Friedman. It combines meticulous research, personal anecdotes and conceptual analysis to provide a comprehensive yet accessible overview of the mechanisms behind globalisation in the 21st century, along with recommendations for individuals and companies who want to thrive in the new, ‘flat’ world. Although some economists and academics have challenged Friedman’s views, The World is Flat met with general critical and popular success when it was first published in 2005, and became an international bestseller.
This book review and analysis is perfect for:
• Anyone who wants to learn about the processes behind globalisation
• Individuals and companies looking to meet the challenges of the new global market
• Students of business, politics or economics
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Book Review - 50Minutes
Now, more than at any other time in history, individuals can collaborate and compete with each other across a wide range of activities, in all four corners of the globe and on an equal footing thanks to the technology boom. Without politics, these innovations could have led to an era of exceptional prosperity and collaboration between businesses, communities and people. The hypothesis of the author, Thomas L. Friedman, is that the world is becoming flat as international economic barriers collapse. The title of the book, The World Is Flat, thus refers to the phenomenon of globalisation.
However, although this connectivity delights some, it makes life more difficult for others: the winners of this global acceleration have changed and the era of the triumphant West is perhaps coming to an end. The planet’s centre of gravity is shifting towards Asia, with India and China sitting atop the list of countries with exceptional economic growth for the past fifteen or so years. Each year these two countries produce millions of young graduates from excellent university courses which allow them to easily adopt the methods and techniques of countries at the cutting edge of technology, such as the USA or the United Kingdom. It would be in the best interests of everyone in the West to get even better at complex activities and to focus on their added value, because basic skills are now acquired and shared across the world.
Since the end of the 1990s, companies, primarily in America, have been trying to reduce their costs and increase their efficiency by any means possible. This vision of the economy has driven businesses to use cheap workforces based abroad to carry out their support or assistance tasks. Far from the low-level