A. Globalization is the way countries and nations around the world come together to communicate, transport, network, and exchange goods. By doing this the opportunities are endless because with everyone coming together more can be achieved. It will make products more affordable and available to more people by combining cultural goods, services, and knowledge.…
What is Globalization? In Campbell’s essay Globalization is defined as “a complex web of social processes that intensify and expand worldwide economic, cultural, political, and technological exchanges and connections.” (Campbell, 4) Globalization intensifies global interdependencies and exchanges, increasing global awareness about international issues and constantly creates connections between countries close and distant.…
Two macro factors seem to underlie the trend toward greater globalization. The first is the decline in barriers to the free flow of goods, services, and capital that has occurred since the end of World War II. The second factor is technological change, particularly the dramatic developments in recent years in communication, information processing, and transportation technologies.…
In his article, “The World is Flat, After All”, Friedman discusses the progression of the world via Globalization. Starting from the initial age of Globalization between 1942 and 1800 when countries were globalizing for resources and imperial conquest, to the secondary age with the corporate revolution (1800-2000), and finally, to today’s era of globalization that is not limited to where you live, what race you are, or how much money you have. Each stage of globalization brought about change by new technologies used in business and everyday life. The article highlights multiple points in history where cutting edge technology further globalized the world, such as the Microsoft Windows operating system, the undersea-underground fiber network, and the use of outsourcing. The most important part of Friedman’s article “The World is Flat, After All” is that the playing field for people, businesses, and countries is being leveled through globalization due to the many technological…
In the book Friedman talks about how he means that these three numbers are the specific eras in time that globalization was prevalent. Globalization 1.0 (1492 when Columbus set sail, opening trade between the “Old World” and “New World” until around 1800. This era made the world appear from a large scale to just an average medium scale. The main focus and effect of Globalization 1.0 was the competition between countries over how much muscle, horsepower, wind power, or steam power your country had and how creatively you install and carry this “muscle” out. In this era, countries found inspiration through religion and imperialism. Soon enough time led to the growth of global integration. Globalization 2.0 (around 1800-2000 interrupted by the Great Depression and World Wars). This era shrank the world from the average medium to a very small. The main focus that…
Globalization is the process of international integration arising from interchange of world views, products, ideas and other particular characteristics of culture. These three sources relate to globalization. Each shows different types of examples of globalization.…
Globalization can be defined as the process by which markets and productions in different countries are becoming increasingly interdependent due to the dynamics of trade in goods and services and flows of capital and technology.…
1. According to Friedman, what are the differences between Globalization 1.0, 2.0, and 3.0? What was the key driver for each phase of globalization? (3 points)…
In his book, The World Is Flat, Thomas L. Friedman examines a number of factors that have caused globalization to intensify during the past 20 to 25 years. But first of all, the thing which is very important to understand is what globalization is. In the book, Making Globalization Work, Joseph E. Stiglitz explains globalization as the global flow of ideas and knowledge, the sharing of cultures, global civil society and international environment…
The definition of the term globalization is somehow vague in comparison to the process. Most people are usually ignorant of its reach and impact yet it touches all aspects of the economy because it involves the processes that incorporate people in the world into one big society. By definition, globalization is the development of integration internationally, arising from the exchange of world views,…
Thomas L.Friedman, The World is Flat: a brief history of the twenty-first century. Published by Farrar, Straus and Giroux, 2007.…
Over the years, vast amount of literature has been written on the subject but even today there exists no clear definition of globalization primarily because it affects such a wide range of activities. Simply put, globalization is defined as “increasing and intensified flows between countries of goods, services, capital, ideas, information and people, which produce national…
In the world today, business is on the rise internationally and technology is getting stronger and stronger every day. In the book The World is Flat: A Brief History of the Twenty-First Century, Thomas Friedman, who was a foreign affairs columnist for NY Times, tells of his journey to India and how while he was there he realized that globalization has changed economic concepts. Friedman analyzes globalization in the twenty-first century and how the world is now at a level playing field in terms of competitors having equal opportunities; hence the title of the book being The World is Flat. He is not talking about the world being flat geographically, but the world being flat in the business sense. Friedman describes ten different “flatteners’ that he determined to be leveling the playing field. These are the ten flatteners: 11/8/89, 8/9/95, workflow software, uploading, outsourcing, offshoring, supply-chaining, insourcing, in-forming, and “The Steroids”. In this essay I am going to key in on in-forming and how it has flattened the playing field, “thus allowing even individuals to compete with big established companies on an equal footing.”(One) Times are changing and we are finding ourselves relying on technology such as PCs more often than not. Essentially, informing is the means by which uploading, outsourcing, in-sourcing, supply-chaining, and off shoring are possible on a personal level. We can gather information and buy-sell-trade with expertise using search engines. Friedman depicts “in-forming” as being search engines such as Google or Yahoo providing international access to information. Friedman writes, "Never before in the history of the planet have so many people – on their own – had the ability to find so much information about so many things and about so many other people." Having this kind of access gives us a chance to excel in anything that we do. Having unlimited entry to this much information makes…
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.…
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.…