Tag: Globalization

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Latest read: Making Globalization Work

If you were first introduced to globalization via Tom Friedman‘s The World Is Flat, you may be interested to learn more about this wave of economics. Many point to the recent book by Joseph Stiglitz called Making Globalization Work. This is a follow-up to his 2003 book Globalization and Its Discontents.

Stiglitz is professor of economics at Columbia. He served as Chairman of President Clinton’s Council of Economic Advisers from 1995-97. He followed that appointment by serving as Chief Economist and Senior VP of the World Bank from 1997-2000. Stiglitz was one of three to receive the 2001 Noble Prize in economics.

He accurately addresses areas of economic globalization that continue to fail across the globe in shaping market opportunities of underdeveloped nations. Needless to say the real golden rule applies: He who has the Gold makes the rules.

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Latest read: Everything is Miscellaneous

David Weinberger’s book Everything Is Miscellaneous: The Power of the New Digital Disorder is really amazing. It follows on the footsteps of Tom Friedman’s The World Is Flat and Chris Anderson’s The Long Tail.

Everything is MiscellaneousThis book presents an interesting look at the digital data we have access to via the internet and how the distribution of data will forever change business, education and society.

What is the biggest change outlined by David Weinberger? The world’s data will be tagged and freely shared, all on the internet.

From the Dewey Decimal System to Flickr and everything in between … is now miscellaneous.

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Latest read: How We Compete

Suzanne Berger and MIT’s Industrial Performance Center wrote a book after concluding a five year study of the new global economy How We Compete: What Companies Around the World Are Doing to Make it in Today’s Global Economy.

how we compete

If you want to learn more about globalization, this is a necessary addition to your bookshelf. Today companies must compete.

The study moves beyond the often discussed Dell approach to manufacturing. Lessons from auto and textile industries are included and should not be missed. How America can compete against the global marketplace?

Students entering the real world after school makes this book mandatory reading before graduating … from high school. By the time your set to graduate from college — it may be too late.

Companies that need to compete are shifting production … sometimes to very interesting locations for very interesting business reasons. Understanding this process and the major impacts of globalization will help us all prepare for tomorrow’s shifting economic climate.  There are powerful lessons from many industries that have shifted into a highly competitive marketplace with a global reach.  In doing so, these companies now compete with global brands.

Globalization can be very complicated. This book suggests very intriguing lessons from companies who need to compete are outsourcing their products, production lines or selected low end solution simply to survive against the competition.

We have a lot to learn from the Japanese and the Italians!

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Latest read: Three billion new capitalists

Three Billion New Capitalists: The Great Shift of Wealth and Power to the East by Clyde Prestowitz is a good companion to Tom Friedman’s The World Is Flat regarding globalization. At times I felt the chapters could have been written by both authors. Ultimately they complement the globalization story.

Prestowitz was counselor to the Secretary of Commerce during the Reagan Administration and is Founder and President of the Economic Strategy Institute, a thinktank in Washington DC.

Globalization is certainly not new and some issues addressed by Prestowitz may be hard to wrap around completely, but he provides an overview of what has been accelerating … offshoring. To no surprise the destination is China and India. Released in 2005 Prestowitz could not have considered the Mattel lead paint product recalls fiasco just two months old as consequences of globalization. Or was that just bad management on Mattel’s part?

The shift in wealth and power also focuses on banking and oil. Two chapters focus on this impact for China and India … and America along with the EU. What is an example of the impact on America: 100,000+ new cars are registered every month in Bejing? I would like to see the numbers for Bangalore. Think of a billion new drivers wanting to see their country, visit family and travel to see friends.

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Latest read: An Army of Davids

Matt Spaamen recommended Glenn Reynolds’ An Army of Davids: How Markets and Technology Empower Ordinary People to Beat Big Media, Big Government, and Other Goliaths. Glenn, professor of law at the University of Tennessee is the former MSNBC blogger known by his very popular blog instapundit.

I was looking forward to this book as soon as Matt commented on my blog and suggested this reading. I was expecting a lot from Glenn and feel let down by only finding a few chapters worthwhile. The beginning of Glen’s book is almost a rewrite of Tom Friedman’s The World Is Flat. Another view of the technological advances throughout history that changed the way society and business operate bringing the world closer together for trade, education, culture and art.

He did provide good opportunities on chapters regarding nanotechnology and space research, yet those are pretty narrowly defined markets that require advanced degrees to fully exploit…while the marketing arm of an organization can indeed leverage An Army of Davids to change access to space and nanotechnology from a few to the masses.

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