Friedman's Assessment of Threats, Challenges, and Opportunities on Globalization
Threats:
Friedman described this globalization system as a characteristic of integration. One of the threats seen in Friedman’s writings is of international power of markets, finance, technology, and communications. Who exactly is in control and has the ability to control financial markets, trade, network infrastructure, satellite systems, and more. When you think of this type of threat, Friedman refers to three balances of power globalization is built around… balance of power between states and states, states and supermarkets, and states and the super-empowered. States can destroy you by power (military, political, and economic), supermarkets can destroy you through financial markets, by downgrading bonds and crashing the stock market. The super-empowered, well that is on an entirely different level giving a super-empowered person the ability to utilize technology and communication to evoke a local, national, and international scale movement just by sitting behind a desk and typing an email. An example Friedman describes is Osama Bin Laden and his particular network known as, “Jihad” or Jihad on line (JOL)” which he used to take on the U.S (embassy bombings and possibly the U.S.S. Cole). In retaliation, the U.S. fired back with firing cruise missiles… 77 to be exact. What an example of a super power versus a super-empowered angry man.
A second threat seen is affects on the social aspects involving our companies, country, community, and armed forces. Focusing mostly on companies and community, globalization has created a system by which restrictions do not exist. The “no one is in charge” concept takes flight and people in our communities begin their diligent work on creating viruses to disrupt our technological infrastructure. Society becomes vulnerable to cyber attacks through viruses and/or hacking. Citizens must now protect themselves from identity theft; and now the creation of fraud protection services exist through your bank or credit
Friedman described this globalization system as a characteristic of integration. One of the threats seen in Friedman’s writings is of international power of markets, finance, technology, and communications. Who exactly is in control and has the ability to control financial markets, trade, network infrastructure, satellite systems, and more. When you think of this type of threat, Friedman refers to three balances of power globalization is built around… balance of power between states and states, states and supermarkets, and states and the super-empowered. States can destroy you by power (military, political, and economic), supermarkets can destroy you through financial markets, by downgrading bonds and crashing the stock market. The super-empowered, well that is on an entirely different level giving a super-empowered person the ability to utilize technology and communication to evoke a local, national, and international scale movement just by sitting behind a desk and typing an email. An example Friedman describes is Osama Bin Laden and his particular network known as, “Jihad” or Jihad on line (JOL)” which he used to take on the U.S (embassy bombings and possibly the U.S.S. Cole). In retaliation, the U.S. fired back with firing cruise missiles… 77 to be exact. What an example of a super power versus a super-empowered angry man.
A second threat seen is affects on the social aspects involving our companies, country, community, and armed forces. Focusing mostly on companies and community, globalization has created a system by which restrictions do not exist. The “no one is in charge” concept takes flight and people in our communities begin their diligent work on creating viruses to disrupt our technological infrastructure. Society becomes vulnerable to cyber attacks through viruses and/or hacking. Citizens must now protect themselves from identity theft; and now the creation of fraud protection services exist through your bank or credit