ILLUSTRATIONS BY STEVE MCAFEE FOR FP

Ideas will spread faster, leaping borders. Poor countries will have immediate access to information that was once restricted to the industrial world and traveled only slowly, if at all, beyond it. Entire electorates will learn things that once only a few bureaucrats knew. Small companies will offer services that previously only giants could provide. In all these ways, the communications revolution is profoundly democratic and liberating, leveling the imbalance between large and small, rich and poor.” The global vision that Frances Cairncross predicted in her Death of Distance appears to be upon us. We seem to live in a world that is no longer a collection of isolated, “local” nations, effectively separated by high tariff walls, poor communications networks, and mutual suspicion. It’s a world that, if you believe the most prominent proponents of globalization, is increasingly wired, informed, and, well, “flat.”

It’s an attractive idea. And if publishing trends are any indication, globalization is more than just a powerful economic and political transformation; it’s a booming cottage industry. According to the U.S. Library of Congress’s catalog, in the 1990s, about 500 books were published on globalization. Between 2000 and 2004, there were more than 4,000. In fact, between the mid-1990s and 2003, the rate of increase in globalization-related titles more than doubled every 18 months.

Amid all this clutter, several books on the subject have managed to attract significant attention. During a recent TV interview, the first question I was asked—quite...