A Future Perfect: The Challenge and Promise of Globalization

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by John Micklethwait


  unemployment

  in Continental Europe, 318

  effects of increase in imports on, 6

  during the great depression, 11

  UNESCO, 169

  UNICEF, 169

  Unilever, 15, 311

  Union Pacific and Southern Pacific merger, 103

  UNIPAR, 260

  United Auto Workers Local 659, strike in 1998, 66, 243-247, 257

  United Nations, 151, 224-226

  budget, 169, 171

  comparison to the medieval papacy, 182

  creating a standing army for, 158

  decolonization and, 164

  foundation of, 13, 164

  General Assembly, 161

  job of secretary-general, 161

  under Kofi Annan, 167-170

  operational side of, 168

  phrase first appears, 13

  reconfiguration of, 170-172

  role of at present, 170

  Security Council, 164, 181

  UN centers, 168

  World Court, 165

  United Nations Conference on Trade and Development (UNCTAD), 23, 58, 113

  United Nations Development Project, xxix

  United Nations Foundation, 304

  United Nations Human Development Program, 252, 253, 254-255

  United Parcel Service (UPS), 257

  United States

  anti-American feelings in France, 184-185

  anticapitalism in, 6

  attitudes toward free trade, 280

  average wages in 1990s, 315

  budget surplus in, 60

  conflicts over trade and foreign policy, 287

  corporate profits, 315

  educational systems in, 298, 299, 301

  effect of globalization on industries in, 309

  excess stamping plants in, 257

  free trade and, 283

  government spending in, 149

  hourly wages in, 114

  inflation in, 108

  learning from Japan business techniques, 76-77

  median wage in 1990s, 246

  money to third world countries, 113

  nonpayment of dues, 171

  philanthropy in, 302-305

  productivity growth, 108

  regulation of mobile phones, 41

  richest families, wealth of, 304

  stock-market capitalization in, 54

  tax code, 295

  trade deficits vs. free trade in, 25

  university system in, 300

  University of Chicago Graduate School of Business, 70

  University of Texas, 211

  Upjohn, 103

  Urquhart, Brian, 163, 164

  Uruguay, 282

  USX, 101

  A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

  V

  vaccines, 306-307

  Vainio, Janne, 129-130

  Van Haght, Lyn, 90-91, 94

  Van Nuys, California, 78-79

  Van Praag, Nicholas, 293

  Vauxhall, 15

  p. 382 Venezuela, poverty in, 251

  Venice, separatist movement in, 154

  venture capitalists, 207

  “Vivid Girls,” 81

  Vivid Video, 79-83

  Vodacom, 44

  Vodaphone, 41, 101

  Volcker, Paul, 56

  Voltaire, 332

  A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

  W

  wages

  See income

  Wagoner, Richard, 66

  Wales, General Electric plant in, 132-133

  Wall Street crash, 16

  Wal-Mart, xxviii, 116, 214, 314

  Wang, Patrick, 73-75, 102, 225

  war against terrorism. 160

  Washington, D.C., poverty and infant mortality in, 252

  Wealth and Poverty of Nations, The, 292

  Wealth of Nations, The, 4

  Webb, Sidney and Beatrice, 6, 8, 16-17, 19, 24-25, 276, 292

  Webber, Andrew Lloyd, 192

  Wee Kim Wee, 337

  Welch, Jack, 38, 66-67, 126, 134-139

  definition of “universal values,” 228

  welfare state, 87-89

  definition of, 87

  enormous expense of, 88

  shift away from, 88-89

  Wells, H. G., 16, 97, 224

  Wendleton, Kate, 317

  Wessel, Dave, 37

  Wharton School, 72, 103

  wheat, tariffs on, 10

  White, Harry Dexter, 13-14, 179

  Whyte, William, 228, 275

  Wickham, Henry, 120

  Wilhelm II, Kaiser, 224

  Wilson, Harold, 19

  Windsor, Charles, 283

  Wired, 107

  Wirth, Tim, 304

  Wolf, Martin, 295

  Wolfe, Tom, 75, 100

  Wolfensohn, James, 173

  Woo, Charlie, 98-99, 102, 105-106, 111, 225

  on business clusters, 114-115

  employment of cheap labor, 109

  going upmarket, 117-118

  importing Chinese-made goods, 109

  Woolf, Virginia, 7

  workforce, 321

  in developing countries, 319

  overwork, 321

  temporary workers, 319-320, 322, 326

  Working Partnerships USA, 325

  World Bank, xxvi, 14, 48, 62, 161, 162, 164, 172, 173

  WorldCom, xxi, xxx, 108

  World Court, 162, 165

  World Economic Forum (1999), 268

  World Health Organization (WHO), 268

  world trade

  1890s to 1930s, 12

  growth of, after 1948, 14-15

  World Trade Center, terrorist attack on

  See September 11 terrorist attacks

  World Trade Organization (WTO), xviii, xxv, 162, 165, 181, 270-271, 280, 282, 283

  World War I, aftermath of, 10, 12

  World War II, aftermath of, 12, 17

  Worldwatch Institute, 165, 262

  World Wide Web, 36

  Wriston, Walter, 56, 172

  A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

  X

  Xerox Palo Alto Research Center (PARC), 23, 205, 209

  Y

  Yahoo!, 209, 214

  Yamaichi Securities, 53

  Yan, Richard, 228

  Yang, Jerry, 206

  Yeltsin, Boris, 142

  Yodobashi Camera, 39-40

  Z

  Zapatistas, 272, 274

  Zhirinovsky, Vladimir, 50

  Zimbabwe, xxii

  Zschau, Ed, 204-205

  Zurich Group, 57

  Publication Information

  About A Future Perfect

  A FUTURE PERFECT is the first comprehensive evaluation of the most important revolution of our time—globalization—and how it will continue to change our lives. Do businesses benefit from going global? Are we creating winner-take-all societies? Will globalization seal the triumph of junk culture? What will happen to individual careers? Gathering evidence worldwide, from the shantytowns of São Paolo to the boardrooms of General Electric, from the troubled Russia-Estonia border to the booming San Fernando Valley sex industry, John Micklethwait and Adrian Wooldridge deliver an illuminating tour of the global economy and a fascinating assessment of its potential impact.

  “It is not just that Micklethwait and Wooldridge . . . write gloriously. . . . The book’s substance is what really makes it stand out. . . . Judged in its entirety, with all its ambition and achievement, the book is a spectacular success.”

  —Foreign Affairs

  “[A] compelling, witty discourse . . . To explain how globalization works, and how it came to pass, Micklethwait and Wooldridge take us on an extended world tour.”

  —Fast Company

  “[The authors’] style is familiar to readers of The Economist: smooth, witty, erudite. . . . Their book merits an A.”

  —USA Today

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  Cover design: Beck Stvan

  Cover photo-illustration: Beck Stvan, based on a photograph by Spencer Jones/Getty Images

  A RANDOM HOUSE TRADE PAPERBACK

  Praise for A Future Perfect

  “Micklethwait and Wooldridge are unusually comprehensive in their analysis.”

  —The New York Times

  “One of the many virtues of this passionate and readable work is that the authors know too much about history, as well as about the world, to assume that the current situation must persist, and they take up the argument for globalization with refreshing candor and verve, ranging across continents and deep into the history of ideas. . . . Read this brilliant book.”

  —The Industry Standard

  “Globalization is such a mouthful. It is a pleasure to say that A Future Perfect, examining its implications, soars above the indigestible noun. The authors deftly make sense of the abstract with vivid specifics we can all relate to, and it’s cheering, too. This is an important book and . . . a lot of fun to read.”

  —Harold M. Evans, author of The American Century

  “A timely retort to the critics of the World Trade Organization and our galloping free markets. Micklethwait and Wooldridge . . . mount an energetic defense of globalization. Their goal is to impose some order on the morass of assumption and opinion that has gelled around the concept of a global marketplace.”

  —The Washington Post

  “A Future Perfect fills a yawning void with a magisterial case for the most powerful—and life-enhancing—force on earth: globalization.”

  —Tom Peters, coauthor of In Search of Excellence

  About the authors

  JOHN MICKLETHWAIT oversees coverage of the United States for The Economist. He has written op-ed articles for, among others, The New York Times, the Los Angeles Times, The Wall Street Journal, The Spectator, Fortune, and USA Today. He was educated at Magdalen College, Oxford. He lives in London.

  ADRIAN WOOLDRIDGE is The Economist’s Washington correspondent. His writing has appeared in numerous publications, including The Washington Post, Forbes, The New Republic, Foreign Policy, the Financial Times, The New Statesman, and The Times Literary Supplement. He was educated at Balliol College and All Souls College, Oxford, where he received a D.Phil.

  Micklethwait and Wooldridge are coauthors of The Witch Doctors; Making Sense of the Management Gurus, winner of a 1997 Financial Times/Booz Allen Global Business Book Award, and The Company: A Short History of a Revolutionary Idea. Wooldridge is also the author of Measuring the Mind: Education and Psychology in England 1860-1990.

  Copyright Notice

  2003 Random House Trade Paperback Edition

  Copyright © 2000, 2003 John Micklethwait and Adrian Wooldridge

  All rights reserved under International and Pan-American Copyright Conventions.

  Published in the United States by Random House Trade Paperbacks, a division of Random House, Inc., New York, and simultaneously in Canada by Random House of Canada Limited, Toronto.

  RANDOM HOUSE TRADE PAPERBACKS and colophon are trademarks of Random House, Inc.

  This work was originally published in hardcover and paperback in 2000 by Crown Business, a division of Random House, Inc., in different form.

  Library of Congress Cataloging-in-Publication Data

  Micklethwait, John.

  A future perfect: the challenge and promise of globalization / John Micklethwait and Adrian Wooldridge.

  p. cm.

  Includes bibliographical references and index.

  ISBN 0-8129-6680-5

  1. Economic history—1990- 2. Globalization. I. Wooldridge, Adrian. II. Title.

  HC59.15.M53 2000 330.9—dc21 99-054251

  Random House website address: www.atrandom.com

  Printed in the United States of America

  9 8 7 6 5 4 3 2 1

  Book design by Helene Berinsky

  eBook Version Notes

  v1.0 December 2005 – Desktop & PocketPC .lit

  Scan, conversion, and proofing.

 

 

 


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