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World 3.0: Global Prosperity and How to Achieve It by Pankaj Ghemawat

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Chapter Two

Semiglobalization Today and Tomorrow

IN MAKING THE CASE for World 3.0, I asserted that it captures the real levels of international integration much better than the negligible levels associated with World 1.0 and the (nearly) complete levels assumed by World 2.0. It is time to back up that assertion by reviewing some surprising facts about how global—or semiglobal—we actually are.

By most measures, the true state of the world today is that of semiglobalization—with “semi” as in partial rather than 50 percent. How partial? Try 10 to 25 percent. This is a far cry from the complete globalization envisaged by World 2.0. It is also significantly lower than the intuitions of the people I have polled. Such exaggerations about levels of ...

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