Challenging the Flat World Theory: Richard Florida's Spiky Economy
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Questions and Answers

What is the main consequence of the destruction of India's public food system, according to the text?

  • Growth of small agriculture businesses
  • Increased economic growth for the 99.9%
  • Increased poverty for the 99.9% (correct)
  • No significant impact on the economy
  • What is the main argument made by Thomas L. Friedman's book 'The World Is Flat'?

  • The world is becoming more isolated
  • The world is becoming more spiky
  • The world is becoming flatter (correct)
  • The world is becoming more unequal
  • What is the main point of Vandana Shiva's article 'The Polarised World of Globalisation'?

  • Globalization has made the world more spiky
  • Globalization has polarized the world (correct)
  • Globalization has made the world more flat
  • Globalization has made the world more equal
  • What is the main theme of Richard Florida's article 'The World Is Spiky'?

    <p>The world is becoming more spiky</p> Signup and view all the answers

    What is the main challenge in determining whether the world is flat or spiky?

    <p>Different regions have different perspectives</p> Signup and view all the answers

    What is a likely consequence of economic globalization, according to the text?

    <p>A further concentration of wealth among the 0.1%</p> Signup and view all the answers

    Which group is most likely to be affected by the destruction of India's public food system?

    <p>The 99.9%</p> Signup and view all the answers

    What is a possible implication of the polarization of wealth in a globalized economy?

    <p>A further exacerbation of income inequality</p> Signup and view all the answers

    Who is most likely to benefit from the destruction of India's public food system?

    <p>Big agriculture businesses</p> Signup and view all the answers

    What is a consequence of the concentration of wealth among the 0.1%?

    <p>A further polarization of wealth</p> Signup and view all the answers

    Study Notes

    The World: Flat or Spiky?

    • The world's economy is a subject of debate, with some arguing it's flat and others claiming it's spiky.
    • Richard Florida's view is that the world is spiky, with economic inequality.

    Economic Inequality

    • A small number of cities and regions are driving the world economy, causing them to grow richer.
    • Meanwhile, the areas left out continue to get poorer.
    • The 10 largest U.S. cities have a larger economy than nearly any country on Earth.

    Urbanization

    • Today, up to 50% of the world's population live in cities, compared to 3% in 1800.
    • Urban areas have far more wealth than areas with fewer people.

    Global Economy

    • The global economy is not flat, with surprisingly few regions truly mattering.
    • New York's economy alone is about the size of Russia's or Brazil's.

    Consequences of Inequality

    • A spiky world brings danger, with a serious divide across the globe.
    • Inequality is creating a political push against globalization.

    Globalization

    • India's public food system was destroyed to create markets for big agriculture businesses.
    • The world of the 99.9% has grown poorer because of economic globalization.

    Different Perspectives

    • One's region, gender, age, and economic standing may shape how they view the topic.
    • Considering these factors can help decide on a clearer answer to whether the world is flat or spiky.

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    Description

    Test your knowledge on Richard Florida's concept of a 'spiky' economy, which argues that the world is not flat and that economic inequality is prevalent. Learn how a small number of cities and regions are driving the global economy, while others are left behind.

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