strenghts and weaknesses friedman found in globalization?

Answer 1

Friedman first discussed his views on globalization in the 1999 book, The Lexus and the Olive Tree. In 2004, a visit to Bangalore and Beijing gave Friedman new insights into the continuing trends of globalization and the forces behind the process, leading him to write a follow-up analysis, The World Is Flat.

One of Friedman's theses is that individual countries must sacrifice some degree of economic sovereignty to global institutions (such as capital markets and multinational corporations) in order to achieve the economic prosperity of the Western world. He termed these restrictions the "Golden Straitjacket."

While Friedman is an advocate of globalization, he also points out (in The Lexus and the Olive Tree) the need for a country to preserve its local traditions even as it globalizes, a process he termed "glocalization".

Friedman has been praised for his strong stance on America's need to become more energy independent, and to lead in technologies concerning environmental compatibility. He believes this will cause the authoritarian rulers in the Middle East to be coerced out of power as their petrodollars deplete, by a growing and albeit distressed youth population. He believes this is the key to spreading stability and modernization in an autocratic and theocratic region. Friedman also argues that energy independence will strengthen America's economy by basing its energy infrastructure on domestic products, and ease the world tensions caused by burgeoning energy demand, exacerbated by emerging economies such as those of India and China.

Friedman's position on globalization through free trade has been criticized as being based on faith, rather than fact or data research. He has been quoted as saying "I wrote a column supporting CAFTA. I didn't even know what was in it. I just knew two words: free trade."

A criticism of Friedman is that he does not consider the purchasing power of domestic labor as a key driver in economic output. However, Friedman argues that by exporting low-skill and low-wage jobs to foreign countries, more advanced and higher-skilled jobs will be freed up and made available for those displaced by the outsourcing. He theorizes that as long as those whose jobs are outsourced continue to further their education and specialize in their field, they will find better-paying and higher-skilled jobs.

Answer 2

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