GLOBALONEY: A LETTER TO THE ECONOMIST (April 27, 2011)
I appreciate your enthusiasm for Pankaj Ghemawat’s World 3.0 (Cambridge, Massachusetts: Harvard Business Review Press, 2011) in which he argues that the threat of globalization is exaggerated (“The Case Against Globaloney,” April 23, 2011). It is indeed amazing to read that only two percent of students are at universities outside their home countries; that only three percent of people live outside their countries of birth; that only one percent of American companies have any foreign operations; or that exports are equivalent to only twenty percent of global output. Ghemawat rightly explodes many a globalization myth. As you point out, he shows that we live in an era of “semi-globalization” at best. But there is a small problem with your review or perhaps the book itself: it does not go at all into the differences between the above percentages now and, say, a century ago. Take English, for instance. Only some fifty percent of all English speakers are native speakers now, whereas they were close to ninety percent of all speakers a century ago. And this is where not all talk about globalization can be called globaloney.