According to dictionary.com, Globalization is defined as the tendency of businesses, technologies, or philosophies to spread throughout the world, or the process of making this happen. The global economy is sometimes referred to as a globality, characterized as a totally interconnected marketplace, unhampered by time zones or national boundaries. The World is Flat by Thomas Friedman talks about globalization in the 21st century. He believed that there should be a level playing field for commerce which is what the title reiterates. He wants all companies to have an equal playing field amongst its competitors. Friedman believes that this can really help out the poor. It has pulled millions out of poverty in the countries of India and China. Also, it has multiplied the size of the middle class. People are no longer in that lower class because of this new business theory where everyone has a leveled playing field. The standard of living has never increased this fast in all of history. While it is increasing it is also supporting the growth of the population as well. Friedman estimated that the global economy was worth 7 trillion dollars in 1950. Over the past decade it has been equal to that even with the latest recession we have had in our economy. Thomas L. Friedman stated, “I define globalization as the inexorable integration of markets, transportation systems, and communication systems to a degree never witnessed before—in a way that is enabling corporations, countries, and individuals to reach around the world farther, faster, deeper, and cheaper than ever before, and in a way that is enabling the world to reach into corporations, countries, and individuals farther, faster, deeper, and cheaper than ever before. So he believes that globalization, if managed correctly can be the greatest thing to happen to this economy. A big positive in my opinion would have to be that consumers can buy merchandize from other countries for dirt cheap. There are countless websites that offer the same product that is sold in the US for half the price because they have outsourced workers. They pay their employees nothing so they do not have to jack up the prices to ridiculous levels.
Along with the positives there are always some negatives and counter argument with peoples views. No one will ever completely agree with each other. A big negative about the way that he views globalization is that economies are too dependent on each other. If one economy falls the likelihood of another one falling increases dramatically. Millions of workers fear losing their jobs because companies are continuously working under competitive nature at which any point their business can go under and leave employees without jobs. Friedman views are all wrong though. He states that globalization and free markets go hand in hand when really they do not. He bases everything off of free markets but in reality we do not run free markets in our economy. The government is always coming up with a set of regulations and rules to stop the growth of a monopolistic economy. Its the survival of the fittest out in the world of business and globalization only works for the business superpowers out there. Capitalism is what America is and what America always will be. If you want to be somebody you need to work extremely hard to get there. Their are no hand outs in this world and if you are the little guy you will always remain the little guy unless you do it yourself.
Cerni, P. (2012, October 8). Thomas Friedman’s Paean to Globalization ‘The Lexus and the Olive Tree’ Is Back, but We’ve Moved On | PopMatters. Retrieved from http://www.popmatters.com/review/163932-the-lexus-and-the-olive-tree-by-thomas-l.-friedman/
Manguina, R. (2010). Thomas Friedman on Globalization – Newsweek 2010. Retrieved from http://2010.newsweek.com/top-10/most-overblown-fears/globalization.html