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 [Powells.com] Powell's Books - The Lexus and the Olive Tree by Thomas L Friedman: There's a jaunty innocence in the way he observes that "no two countries that both had a McDonald's had fought a war against each other, since each got its McDonald's." For the most part, however, Friedman is a terrific explainer. He presents a clear picture of how the investment decisions of what he calls the "Electronic Herd" a combination of institutions, such as mutual funds, and individuals, whether George Soros or your uncle Max trading on his PC affect the fortunes of nations.

[Edgeperspectives.typepad.com] Edge Perspectives with John Hagel: The World Is Spiky: By leaving this rapid incremental process innovation out of the picture, Richard misses some of the key dynamics that are already reshaping the spikiness of the global map. Companies in some of the rapidly growing urban areas like Shenzhen and Bangalore are pursuing a powerful form of innovation bootstrapping that starts with relatively modest incremental innovations pursued in rapid iterations and amplified by rich interactions with dense local business ecosystems.

 [Gregmankiw.blogspot.com] Greg Mankiw's Blog: Some TV is worth watching: I must agree with David Brooks, before he became a conservative, when he said in the New York Observer of a radio debate he had with Friedman, “The show was essentially me making a point, and he making a two-sentence rebuttal which totally devastated my point, and then me sitting there with my mouth hanging open, trying to think what to say. That didn’t immediately turn me into a conservative, but....

 [Mp.blogs.com] *michael parekh on IT*: ON COUNTER-POINT TO THOMAS FRIEDMAN'S ...: With Fast Track, the Executive Branch in the USA is now the CEO of world trade. International organizations like the WTO control the flow of wealth through so called Free Trade outside of any real democratic process and without the consent of the workers who are the core of any economy.

Reflected tags on Technorati: Blog, International Trade, EconWatch.com