I am an economist by profession and my job is to analyze the economic and political risk of countries. I have found Friedman's book extremely useful in helping me understand the factors shaping today's global economy. Some people, as I have read in this website reviews, may find Friedman's analysis cold hearted, as the book argues, quite well, that free market capitalism is here to stay, and countries, companies, and individuals need to adapt to the system, or run the risk of being left behind. Not only does the book describes the new system masterfully, but also dares to make recommendations and tries to explain the trends of this new global system. The book's conclussion is one of hope: We do not necessarily need an all encompassinng global government to police the world; the power given by the democratization of technology (internet and widespread information) can create all sorts of organizations that will find all sorts of solutions (and excert pressure) to end corruption, increase transparency and democracy, all of this with market base remedies. It is an excellent book, probably the best I have read on globalization. Don't read "One World, Ready or Not" as one reviewer recommended. The author doesn't have a clue about economics and totally misses the picture. Other than "The Lexus and the Olive Tree" I recommend "ButterFly Economics", which explains why current economic theory is outdated and the author introduces Chaos Theory in order to better explain behavior in today's markets.
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