The three Globalizations contrast in many ways. Globalization 1.0, lasting from 1492 to about 1800, was about countries and muscles. Its force driving the process of global flattening was the amount of "muscle" your country had. The key agent of change in Globalization 2.0, which lasted from 1800 to 2000, was the power of multinational companies, which went global for markets and labor. Globalization 3.0, beginning in 2000 flattened the playing field even more. The dynamic force was the power by which individuals could collaborate and compete globally. They could do so digitally with the convergence of the personal computer with fiber-optic cable. Globalization 3.0 differs from the previous two not only in how the world is flattening, but also in the types of people involved. In Globalization 1.0 and 2.0 it was mostly American and European businesses who contributed to the globalization where as Globalization 3.0 is driven more by non-Western individuals.
In the new global economy, the US may no longer easily dominate. As a result of the flat world, new parts of the world are
Bibliography: (sorry, I did this paper a while ago and I didn 't have to do a bibliography so not really sure) The World is Flat, Thomas Friedman http://www.jimpinto.com/writings/flatworld.html http://uclaforecast.com/reviews/Leamer_FlatWorld_060221.pdf#search=%22the%20world%20is%20flat%20summary%22