personcontrols the herd, but the herd is playing a bigger part in the politics of every country of the world. Why is it playing a big part? Because it can rain down millions of dollars ofinvestment. However, Friedman says that one of the major roadblock for this electronic herd is government corruption. Countries need to let foreigners have open and accurateinformation about their country. If this requirement is not met and government cannot provide a stable pool of customers and secure a set of opportunities for investors, theywill simply go and pour their millions else where.One of the most significant arguments Friedman makes about globalization is that “winners take all”. If you are big, you are really big. Friedman uses examples from the NBAto show how globalization will create a world in which there are ever-increasing spans between the best paid and the next best paid. Look how much Michael Jordan gets paidand then look at how much the rest of the guys on the same bench get paid.According to Friedman, those who are just too slow to get up to the speed that globalization demands, are called turtles. Every country has to deal with it’s own turtles. Regarding the concept of business and globalization, Friedman expressed some interesting points regarding the new rules for the new economy. Companies have to thinkdifferently than they did during the cold era, and they have to move and change rapidly. He adds any business that believes that it can survive by maintaining aninformation imbalance between buyers and sellers would deceive itself. The speed which innovations become commodities is becoming faster and faster. If companies do notaccommodate this transition, they will fall behind and in many cases run out of the business. Friedman believes that we should have a system that quickly punishes the weakbusinesses, shutting them down in favor of stronger ones instead of propping them up like Japan did for decades. T...
