Is the world really flat?
When New York Times columnist Thomas Friedman published “The World is Flat,” he initiated a debate about the impact – and benefit or disadvantage – of globalization. Six years later, the debate continues. But are our hopes and fears about a globalized world based on reality or perception?
Bloomberg columnist Pankaj Ghemawat takes a closer look at some of the assumptions behind Friedman’s work and finds some interesting misconceptions. For example, only 2 percent of telephone calls are international, and less than 18 percent of Internet trafficcrosses national borders. Read more of Ghemawat’s article.