Globalisation is horizontal progress 1 to n, technology is vertical progress 0 to 1. Going back to the history, from 1815 to 1914, period of both rapid technological development & rapid globalisation, between first world war & Kissinger’s trip to China, to re-open relation with China in 1971, there was rapid technological development but not much globalisation. Since 1971 we have seen rapid globalisation
Globalisation brings decade ahead more convergence and more sameness, what developed nations have done in past, now many poorer nations doing the same and caching up thats what we call globalisation
Technology matters not just globalisation
But the truth is technology matters, without technological change if China doubles its power production over next two decades, it will also doubles its air pollution. If every one in India, hundreds of thousands of households were to live the way Amaricans live using only today’s tools the result would be environmentally catastrophic.
Spreading old ways to create wealth around the world will result in devastation, not richer. In a world of scarce resource, globalisation without new technology is unsustainable.
Today the challenge is to both imagine and create the new technologies that can make the 21st centuary more peaceful and prosperous than the 20th.
It is hard to develop new things in big organisations and it is harder to do it by yourselves
Bureaucratic hierarchies move slowly and entrenched interests shy away from risk. At the other extreme, a lone genius might create a classic work of art but he could never create an entire industry.
Startups operate on the principal that you need to work with other people to get stuff done, but you also need to stay small, positively defined, a startup is the largest group of people you can convince of a plan to build a different future.
New companies most important strength is new thinking, even more important than nimbleness, small size affords space to think
Reference: Book Zero To One By Peter Thiel