Summary of World 3.0
Global Prosperity and How to Achieve It
Copyright 2011 Pankaj Ghemawat
Summarized by permission of Harvard Business Press
Globalization isn’t all good or all bad. Try to see the world in a third way.
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
- 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.
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