Nov 30 2005
Not so Fast on the New Flat World
Tom Friedman’s “The World is Flat” has caught the attention of the business community in the U.S., hanging on the number five spot in the New York Times hardcover nonfiction list.
Stephen Roach, just back from a few trips around the world, including a stop at Layford Cay for the Global Investment Roundtable, has some thoughts on how the overall theme of integrated harmony implied in Freidman’s thesis may not be the reality we are dealing with. If you read between the lines, the lesson from Roach: hold on to your hats and don’t bet on the popular wisdom on this issue.
