The metaphor of Tom Friedman’s flat world signals the integration of resources, organizations, and people across the world. But the idea generated many debates among the social scientists. Edward Leamer, a noted economist, is very critical of this metaphor. As an economist, he argues against it with austere economic theories like transaction cost and efficiency. Freidman flat world emphasizes the narrowing of the gap between the markets across world. But Leamer in his 2006 article argues against it by emphasizing the lack of evidence of cost efficiency and lack of proper meaning of the word “flat” in economic term.
To read Leamer’s article, please click on the link below:
Source: http://www.ssc.wisc.edu/~mchinn/Leamer_FlatWorld_060221.pdf
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