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Our favorite section of the book (aside from all of the really cool anecdotes peppered in at random) was when Friedman talked about all of the different "flatteners" at work in the world. Some of the these include: Supply-chaining (streamlining sales and acquisition of goods), Netscape (the beginning of today's web-browsing), and Open-sourcing (sharing computer source code as in Wikipedia or Apache or Open Office).
Quick vote: This is an interesting read about the future of business and America's role in the globalized world. Check it out!