World 3.0 by Pankaj Ghemawat
Global Prosperity and How to Achieve It

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Synopsis

Since the financial crisis of 2008, many of us have had to reexamine our beliefs about markets and globalization. How integrated should economies really be? How much regulation is right?

Many people fuse these two dimensions of choice into one, either favoring both globalization and deregulation—or opposing both of them.

It doesn’t have to be that way.

In World 3.0, award-winning author and economist Pankaj Ghemawat reveals the folly in both of these responses. He calls for a third worldview—one in which both regulation and cross-border integration coexist and complement one another.

Ghemawat starts by exposing common assumptions about globalization to hard data, proving that the world is not nearly as globalized as we think. And he explains why the potential gains from further integration are much larger than even pro globalizers tend to believe.

He then tackles market failures and fears—job losses, environmental degradation, macroeconomic volatility, and trade and capital imbalances—that opponents of globalization often invoke. Drawing on compelling data, he shows that increased globalization can actually alleviate some of these problems.

Finally, Ghemawat describes how a wide range of players—businesses, policy makers, citizens, media—can help open up flows of ideas, people, and goods across borders, but in ways that maximize the benefits and minimize the potential side effects.

World 3.0 dispels powerfully entrenched—but incorrect—assumptions about globalization. Provocative and bold, this new book explains how people around the world can secure their collective prosperity through new approaches to cross-border integration. Ghemawat’s thinking will surprise and move you—no matter where you stand on globalization.
 

About Pankaj Ghemawat

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Pankaj Ghemawat is professor of business administration at the Harvard Business School. He is the author of several widely influential articles on investment, disinvestment, and sustaining competitive advantage, and was formerly a consultant with McKinsey & Company.
 
Published April 26, 2011 by Harvard Business Review Press. 400 pages
Genres: Business & Economics, Political & Social Sciences. Non-fiction

Unrated Critic Reviews for World 3.0

Publishers Weekly

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Somewhere both above and between Thomas Friedman's nearly unbridled enthusiasm for globalization and the paranoid Marxist rhetoric of undergraduate sociology courses comes World 3.0, a more realistic and fact-based approach to world socioeconomic dynamics.

Jul 04 2011 | Read Full Review of World 3.0: Global Prosperity ...

City Book Review

Readers desiring further information on globalization would do well to consult Rodrick’s Globalization Paradox and Stiglitz’s Free Fail, both of which are simpler to understand.

Oct 04 2011 | Read Full Review of World 3.0: Global Prosperity ...

Seeking Alpha

This book provides a look inside the global corporate mindset through the eyes of a leading business school academic and consultant.

May 17 2011 | Read Full Review of World 3.0: Global Prosperity ...

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