What is globalization? Globalization is defined as the changes in the world; interchanging of resources‚ ideas‚ products‚ markets‚ cultural exchange‚ aspects of cultures‚ investments‚ and business competition. As the world is continuing to grow‚ it’s going to continue to improve its’ technology as everyone continue to interchange with each other. What is globalization 1.0‚ 2.0‚ and 3.0? Globalization 1.0 was established in 1492‚ when Christopher Columbus sailed across the Atlantic Ocean to discover
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BOOK REPORT: The World is Flat by Thomas Friedman Thomas Friedman’s The World Is Flat: A Brief History of the Twenty-First Century is a bestselling book in which he examines an in depth analysis of globalization in today’s world. It is called the world if flat because it is actually a metaphor for looking at the world as a level playing field in terms of business where all of the competitors have equal opportunities. In this book‚ Friedman talks about ten different factors that play an important
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Not being involved with any outsourcing business‚ I experience the flatness of the world through online communities‚ media streaming‚ file and information sharing‚ e-mails and chatting‚ etc. Through social networking websites like Friendster‚ I can stay in touch with my distant friends and relatives. Instead of going to a mall‚ I can actually stay at home and shop online from anywhere around the world. And as a student who is usually bombarded with a lot of research work‚ I rely on search engines
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its peak? Is the world flat or spiky? There are several very vocal proponents of an argument that the world has become flat in recent years. However‚ there are some writers have the opposite opinion. This paper introduces both sides of the debate and presents the arguments for and against the idea that the world has become flat in recent years. The term “globalization” today refers to the shift in the world economy. It is moving towards a more integrated and interdependent world economy (H.C.W‚
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of Video “The World is Flat” Key issues or Problems in the video: The title "The World is Flat" was taken from a statement by Nandan Nilekani‚ the former Infosys (an Indian IT company) CEO. It seems like if hadn’t met Nandan then he wouldn’t have even written this book. He talks about Americans and the developing world but says almost nothing about Africa‚ Europe & Australia. The World is flat applies better to people with similar kind of economic conditions. In developing world‚ a big portion
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evaluate the ‘World is Flat’ thesis put forward by Thomas Friedman. Thomas Friedman in his recent book ‘The world is flat’ discusses a short history of globalisation in the twenty-first century. His discovering journey took him around the world to investigate the new concept in transnational business. He views himself as Columbus-like‚ but in a new modern word‚ in which he is searching for the sources of today’s wealth. Only to come to a rhetorical conclusion that the world is “flat” not round!
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went global through your country”. Countries began to flatten the world‚ going global for various reasons. - Globalization 2.0 (1800’s-2000) Companies go global. “You went global through your company”. Companies tried to find cheaper labor‚ better markets‚ etc. - Globalization 3.0 (Present) Individuals. “Individuals of every color of the rainbow‚ who will be able to plug and play”. Lesson Two: The Flatteners - 1. All ten flatteners converged. (2000) All of the flattening factors began to work together
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Thomas Friedman’s idea that the world is flattening is based on recent observations that the global economic “playing field” is becoming increasingly easier to enter and to compete in. Friedman notes ten events that have played a significant role in this phenomenon. Friedman noted some very interesting events that helped lead to the flattening of the world‚ such as outsourcing‚ offshoring‚ supply chaining and “insourcing”. The two events of Friedman’s ten that I found to be most interesting
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across the world and document young people on America’s standing. He says that Globalization took over when he was sleeping and that he couldn’t explain it. Tom travels to Bangalore and meets Nandan Nilekani who casually mentions that the world’s economic playing field was being levelled. This propelled him to write a book on globalization and outsourcing called “The world is flat”. The Flatteners The book is about two main themes: The 10 flatteners and the effects of flattening on the world (triple
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The World Is Flat Book Review Daryle S. Rogers Columbia College Managerial Finance BUSI 570 Dr. Elisa Fredericks June 29‚ 2010 The World Is Flat Book Review The World Is Flat is a book about how the business world has become more interconnected within the last few decades. Friedman describes in the beginning of the book a trip to Bangalore‚ India where he visits “India’s Silicon Valley”(Friedman‚ 2007‚ p. 2) and is amazed at the level of technology that has come to the once third
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