Topic > Globalization by Thomas L. Friedman Summary - 1285

The very foundation of globalization, as Sramek agrees with Friedman, is under the influence of the United States, which he labels “egalitarianism, individualism, populism and laissez-faire” . The environment among multiple ethnicities, religions and cultures creates an atmosphere conducive to the free exchange of ideas. Contrary to many other places in the world, however, Sramek's most important point in the article insists that different cultures in America not only coexist peacefully alongside each other, but also accept each other's differences, take advantage of the dynamics of modern society, and create an efficient and diverse US economic system. To support his thesis, Sramek used the ethnic fractionalization index as an indicator of cultural diversity and the median household income, published by the US Census Bureau, as an indicator of economic performance. In both the static and dynamic perspectives, Sramek found a significant connection between static levels of income and cultural diversity. Further analysis analyzes the increasing numbers of average family levels in correlation with cultural increases