Sunday, May 29, 2011

Developing Countries and the Flat World

We have already seen that Friedman mentioned ten flatteners. In this section of the book, The World is Flat, he believes that the nations that have intentions to develop themselves must think about introspection while thinking about the flat world. It is not about going through all the steps, yet it is about knowing their position regarding the flatteners.  Other than committing to a competitive market, those countries must also develop infrastructure, right governance, and proper education.
Friedman provides Ireland as an example of a business-friendly country. It is one of the richest countries in the European Union because of addressing infrastructure, education, and governance.  It is not correct to say that cheap work is wanted everywhere. In fact, the capital seeks the most productive labor at the cheapest price.
Another thing that Friedman mentions in the text is that it is necessary to understand the culture in order to understand the economic performance of a country. He argues that the open cultures have the best chance to succeed because of their ability and willing to adapt to global practices. He also mentions the importance of giving woman the opportunity to express themselves because keeping them away from the workforce eliminate half of the talent pool. Friedman calls the missing element “the intangible things.” Friedman boils the intangibles down to two basic elements: a willing society and leaders with vision. His example for this case is the success of China, unlike Mexico.

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