The Mudcat Café TM
Thread #81497   Message #1492873
Posted By: robomatic
25-May-05 - 11:02 AM
Thread Name: BS: Three Billion New Capitalists
Subject: BS: Three Billion New Capitalists
- is the name of a new book by Clyde Prestowitz. In the same vein as columnist Thomas Friedman of the New York Times, he is looking at current world conditions for clues as to the near future, a terrain most of us will inhabit. In this case, Prestowitz sees in the rise of (more or less 'free') enterprise in India and China, that the economy of the world is moving significantly to the East.

Amazon Books has a couple of mini-reviews of the new book here:

Prestowitz

Thomas Friedman, who recently published "The World Is Flat", is wondering where has American initiative gone, or at least who will fight for it:

C.E.O.'s M.I.A.

The overall sense is that this is good for the world. It will lead to a more equitable share of the world's markets to the people of the world. It does not bode well for countries which do not prepare for this world, in particular the United States. This is true irony, as the United States has led in breaking the back of the Soviet Union's Communist hegemony, and this new rapidly evolving world is a direct result.

Other parts of the world not buying in are some of the Arab states and most of Africa. The torsion between the new globalization which is continuing apace and traditional cultures which are being 'passed over' was addressed (not solved) in Friedman's book: "The Lexus and the Olive Tree."

It will inevitably lead to some sort of world regulation, or at least a restructuring of the United Nations, because we are already seeing what kind of things go wrong in a world where big corporations can 'boss' small governments.

T. R. Reid has shown how the European Union is already leading the States like a horse to water and making it drink as well in certain matters of trade, and Friedman recently illustrated the same thing in a TV special on The Discovery Channel:

The United States Of Europe