Close
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Subscribe
Logo
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Subscribe
    Home IT Management
    • IT Management

    Dont Overlook the Global Tech Economy

    Written by

    Chris Nolan
    Published May 18, 2005
    Share
    Facebook
    Twitter
    Linkedin

      eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

      There are few things stranger—for a journalist—than seeing a well-respected columnist talk to an audience and tell listeners the story of their lives.

      But thats what happened last week when the New York Times International Affairs columnist, Tom Friedman, spoke to the annual meeting of TIE (The Indus Entrepreneurs) in Santa Clara, Calif.

      Friedman, who is on tour promoting his latest book, The World Is Flat: A Brief History of the Twenty-First Century, found himself getting applause for lines that probably make his usual audience sigh in resignation—particularly ones about how Western whites will have to cede economic and political power and authority to their non-white, non-Caucasian rivals.

      But most TIE members, Indian and Pakistani immigrants or the sons and daughters of those immigrants, are living the very story Friedman is telling in his book. They are just one part of the Silicon Valley community, people who work on the web and who take a networked life for granted. For them—for us—the world has been, in Friedmans awkward metaphor, “flat” for some time.

      Thats not to say that Friedman or his book or the publicity tour on which he embarked are to be dismissed out of hand. Hardly. What he says may not be important. Its important, however, that he is the one saying it.

      Having gone to Bangalore, India, in 2004, Friedman described his epiphany as he was interviewing young Indian men and women working in call centers for U.S. companies. “I got progressively sicker and sicker. It was a growing sense I had with each interview that while I had been sleeping—while I had been off covering the Olive Tree Wars— something really big had happened and I had missed it.”

      Yup. And it is a telling fact that he changed “we” to “I” in “while I was sleeping” for his audience of bicultural entrepreneurs, engineers and venture capitalists.

      Friedman then went on to talk about how he realized that Indians were participating in the global economy the same way that he was used to thinking that American corporations—and only corporations—not only participated in but dominated that economy. The individual, he said, is the economic unit of the future, not the company or the corporation.

      That Friedmans voice is being raised now—on the brink of the 10-year anniversary of Netscapes public offering—is another milestone. With Googles stock holding, with the renewed sense of optimism that deal has given the valley, Friedmans announcement that computers and computer technology matter—indeed are vital to the U.S. economy—is going to put a new focus on whats going on in tech.

      How the tech community uses that opportunity, however, is more important now than when Wall Street was paying such close attention. There is simply more at stake, as Friedman correctly, if belatedly, points out.

      Calling the turn of the last century “the mother of all inflection points,” Friedman went on to make a bold prediction. “Over time, I believe it will change everything. It is bigger than Gutenberg and the printing press.”

      /zimages/1/28571.gifClick here to read Stan Gibsons commentary on globalization and its effect on the tech industry.

      Now theres the kind of rhetoric Silicon Valley loves to hear. But why so late in the game? Well, Friedman said, the “mother of all inflection points” was hidden from view. “It was disguised by 9/11, Enron and the dot.com bust.”

      Maybe to folks living on the East Coast and only reading the New York Times it was disguised. And, to some extent, it still is. And thats a serious problem, Friedman said. “Right when were at this incredible inflection point, no ones talking about it,” he marvelled.

      But thats not the case either. The problem is that the talk from some of those most affected by this “flattening” is either hostile, as when record companies sue people who make software that allows them to share music—or dismissive, as when tech companies are treated as fads.

      What is apparent is that our understanding of individuals ability to participate in the global economy—as individuals, as individual economic units—needs a new set of political answers and solutions from both parties. Whats also apparent—to more and more people like Friedman outside the valley—is how little work is being done in this respect.

      Just take a look at the way outsourcing was treated in the last election: It was reviled by Democrats and ignored by Republicans. Thats not a good way to create policies for a new global economy.

      /zimages/1/28571.gifRead more here about outsourcing as a political issue in the last election.

      Which is one example of why Silicon Valleys business community cant expect its way of looking at the world to find favor with the nations politicians, Friedman warned. “If you dont do something, its not going to go your way,” he said. “The natural drift of this thing is in the wrong direction.”

      /zimages/1/28571.gifCheck out eWEEK.coms for the latest news, views and analysis of technologys impact on government and politics.

      Chris Nolan
      Chris Nolan
      Nolan's work is well-known to tech-savvy readers. Her weekly syndicated column, 'Talk is Cheap,' appeared in The New York Post, Upside, Wired.com and other publications. Debuting in 1997 at the beginnings of the Internet stock boom, it covered a wide variety of topics and was well regarded for its humor, insight and news value.Nolan has led her peers in breaking important stories. Her reporting on Silicon Valley banker Frank Quattrone was the first to uncover the now infamous 'friend of Frank' accounts and led, eventually, to Quattrone's conviction on obstruction of justice charges.In addition to columns and Weblogging, Nolan's work has appeared in The Washington Post, The New Republic, Fortune, Business 2.0 and Condé, Nast Traveler, and she has spoken frequently on the impact of Weblogging on politics and journalism.Before moving to San Francisco, Nolan, who has more than 20 years of reporting experience, wrote about politics and technology in Washington, D.C., for a series of television trade magazines. She holds a B.A. from Barnard College, Columbia University.

      Get the Free Newsletter!

      Subscribe to Daily Tech Insider for top news, trends & analysis

      Get the Free Newsletter!

      Subscribe to Daily Tech Insider for top news, trends & analysis

      MOST POPULAR ARTICLES

      Artificial Intelligence

      9 Best AI 3D Generators You Need...

      Sam Rinko - June 25, 2024 0
      AI 3D Generators are powerful tools for many different industries. Discover the best AI 3D Generators, and learn which is best for your specific use case.
      Read more
      Cloud

      RingCentral Expands Its Collaboration Platform

      Zeus Kerravala - November 22, 2023 0
      RingCentral adds AI-enabled contact center and hybrid event products to its suite of collaboration services.
      Read more
      Artificial Intelligence

      8 Best AI Data Analytics Software &...

      Aminu Abdullahi - January 18, 2024 0
      Learn the top AI data analytics software to use. Compare AI data analytics solutions & features to make the best choice for your business.
      Read more
      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Video

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2024 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.