Summary of World 3.0

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Rating

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8 Importance

7 Innovation

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Recommendation

Judging from the hype, globalization is either the best thing that’s ever happened to the world and its economy or the death knell for civilization as we know it. The truth lies somewhere in the middle, and that’s where economist Pankaj Ghemawat wants to lead you in this smart, exhaustive study of the realities of the “semiglobalized” world. Given that there’s no turning back, he posits that a more realistic approach to globalization will result in more fairness, greater productivity and increased affluence for developed and developing countries. His formula for making the planet a better place calls for free and open markets with judicious, appropriate regulation. Although the book doesn’t dwell on concrete proposals, and it becomes increasingly theoretical in its last two sections, Ghemawat does a superlative job of debunking exaggerated fears about globalization and highlighting its realities. getAbstract recommends this intelligent look forward at the potential of “World 3.0.”

In this summary, you will learn

  • Why globalization needs to follow a new path to a “World 3.0,”
  • Why the world is only “semiglobalized” and likely to remain that way, and
  • How a World 3.0 mind-set would solve challenges in open markets and free trade.
 

About the Author

Pankaj Ghemawat is professor of Global Strategy at Barcelona’s IESE Business School. He also taught at Harvard Business School for more than 20 years. He has written extensively on globalization.

 

Summary

Another World
As far back as 200,000 years ago, humans clustered in small groups for protection and sustenance. In this “World 0.0,” people who trusted each other lived together in strictly defined confines. World society in 3000 BC was based on intense tribal loyalties with almost one...

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