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Saturday, October 18, 2008

THOMAS FRIEDMAN - As flat as he can get


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THOMAS FRIEDMAN
As flat as he can get


It was with intellectuals like Thomas Friedman that it all started. His widely acclaimed book The World is Flat, made people realise the fact that the global village had truly dawned upon us, and the key was to accept it, rather than to attempt to wish it away or escape its grasp. More than anything else, he made the world realise that countries like India & China, with their unique low cost model, were growing in prominence. His observations of the Indian BPO industry have been a very important part of his flat world hypothesis.

As a columnist for the New York Times, Friedman has been a key observer of India. For instance, on Tata’s plans for the Nano, he critically commented, “Cheap conventional four-wheel cars, which would encourage millions of Indians to give up their two-wheel motor scooters and three-wheel motorised rickshaws, could overwhelm India’s already strained road system, increase its dependence on imported oil and gridlock the country’s megacities.” Needless to add, he has deemed it a huge danger to India and has expressed hope that India follows its path to development much more sensibly than the West.

So while Friedman plays a major role in shaping perceptions of the world on India, his critical views can inspire necessary debate. After all, a fast growing Indian economy could do well with a rain check every now and then!

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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1 Comments:

Anonymous Anonymous said...

I completely endorse Friedman's views on Nano in India, but I also completely disagree with his thesis of "flat" world and his equating globalization with nothign more than internet conenctivity. Surely, there is more to globalization than that? And Nilekani must be truly embarrassed by the distortion of his remerk - "level playng field". A level playing field is definitely not the same as a "Flat" world!

It is interesting to hear Joseph Stiglitz (Nobel winner for economics and was Chief Economist at World Bank)while on a trip to India - he said that 600 million people from India (out of the one billion!) have been left out of the “development” fold of globalization. So, obviously, all India is not going to migrate into middle class, if anything the inequality is far, far worse now, not just within the nations but also between them, after the advent of globalization.

There is this 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: mkpress.com/FlatExcerpts.pdf

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 www.mkpress.com/flat
and watch www.mkpress.com/flatoverview.html
for an interesting counterperspective on Friedman's
"The World is Flat".

Also a really interesting 6 min wake-up call: Shift Happens! www.mkpress.com/ShiftExtreme.html

There is also a companion book listed: Extreme Competition: Innovation and the Great 21st Century Business Reformation
www.mkpress.com/extreme
http://www.mkpress.com/Extreme11minWMV.html

1:37 PM  

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