Flat as a Pancake

The book The World Is Flat by Thomas L. Friedman covers how the spread of information technology is evening the playing field across the globe, hence, making the world flat. Areas such as Asia, India, and Africa are using recent education on info-tech to move their Production Possibility Frontier's outward. While this may seem bad because it provides higher competition to countries like ours, it is good because it shows economic growth around the world. This increases the amount of countries that can begin trading services and goods with us.
This article tells us that the new economies benefit from the trial-and-error that others have gone through in info-tech. They can now grow very quickly and become of greater value to the rest of the world in this area. Because a big part of economics is the interaction between economies, this is good news for everyone. Now time and employees will be used more efficiently in businesses of these emerging economies.