Thursday, October 11, 2007
Globilization Also Government Issue.But not in Friedman?
Just a response to the book by "The World is Flat" by Thomas L. Friedman. The idea of Globalization is not a concept that I have ever really put much thought into. Looking back maybe I should have because it is changing the way people do business and compete in an ever increasing job market. The fact that most of the time I call any kind of customer service line I get someone of a different nationality answering all my questions shows just how globalized the world is becoming. These huge companies are looking for ways to minimize expenses and increase profit. What better way to do this than by hiring people from second and third world countries who work for one third of what you would have to pay an American worker. It is easy to train them and If they have complaints about their job they will not speak out due to the lack of other opportunities they have in their countries job market. To me globalization is smart buisness by large companies, although it does stink that it hurts the American job market and economy.
In his book ,Friedman suggests that the world has become flat in the sense that competing markets in other countries are now at an even playing field with our own. This suggests that people can not live in America and yet still be afforded all the same opportunities as an American would have in the job market. perhaps that may explain the current American governments Laissez Faire approach to regulating businesses. They are afraid that more and more jobs opportunities will leave our country and go to people in other smaller countries. I would like Friedman to explore governments role in globalization in his next edition. For me this is an interesting topic.
In his book ,Friedman suggests that the world has become flat in the sense that competing markets in other countries are now at an even playing field with our own. This suggests that people can not live in America and yet still be afforded all the same opportunities as an American would have in the job market. perhaps that may explain the current American governments Laissez Faire approach to regulating businesses. They are afraid that more and more jobs opportunities will leave our country and go to people in other smaller countries. I would like Friedman to explore governments role in globalization in his next edition. For me this is an interesting topic.
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A good post.
Friedman does touch on the role of government. He discusses how other nations are working harder to make their economies competitive through government corporate partnerships: South Korea, Japan, China, Singapore, etc. Should the our government intervene to help plan and support our high tech economy? Or should we leave it to the corporations? Is laissez-faire the best policy in this case?
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Friedman does touch on the role of government. He discusses how other nations are working harder to make their economies competitive through government corporate partnerships: South Korea, Japan, China, Singapore, etc. Should the our government intervene to help plan and support our high tech economy? Or should we leave it to the corporations? Is laissez-faire the best policy in this case?
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