The World Is Flat Summary

Good Essays
Globalization is the description given to the linkage between countries around the world and how they’re becoming more connected economically and culturally. Globalization causes competition between companies within a country and international competition. Thomas L. Friedman, the author of, “The World Is Flat: A Brief History of the Twenty-first Century,” comes up with an analysis of modern-day globalization. The title, is more specifically a metaphor which Friedman came up with, after hearing Nandan Nilekani, the CEO of Infosys in India, stating that “the playing field is being flattened.” This metaphor describes how other countries around the world are becoming more technologically advanced, and reaching the advancements of that America has. This can be a negative impact to America because this will mean that America will now have major competitions with other countries to keep its position internationally. This can also be a good thing because the world can work together as one to better humanity and living conditions, as long as the technological advancements doesn’t go to the wrong hands (i.e. terrorists). Friedman breaks down globalization into three different eras: Globalization 1.0, Globalization 2.0, and Globalization 3.0. The era of Globalization 1.0 consisted between when Columbus set sail to the Americas (New World) in 1492, until around 1800. The era of Globalization 2.0 lasted from around the beginning …show more content…
Moss states how it costs a lot of money to transport items from one country to another, “But with transport costs amounting to almost 20% of the total cost of a product (and rising).” This means that, even though we’ve become closer due to globalization, it also affects us economically. Although markets and businesses pay money for transportation of goods, transportation systems greatly benefit from

Related Documents

  • Decent Essays

    In fact, it can be divided into two categories, those which are concerned with strategy and those which are critical of the transnationalization of production. First, global strategic rivalry theory was developed to examine the impact of trade flows arising from global competition between multi-national corporations. For example, Durand and Wrigley (2009) reports that Walmart and Carrefour compete to penetrate into new markets to expand market share. Firms strive to gain the sustainable competitive advantage which it can exploit to dominate the global market place and defend its market position. It includes owning intellectual property, investing in research and development, achieving economies of scale and exploiting the experience curve.…

    • 992 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Many countries are losing their own culture. The world becomes as one, as the result, technology, information,.. has the prompt speed in spreading those things, and they might be including the bad effects like crisis, that would be example for risk. 2. Summarize the arguments in favor of globalization made by the business executive. What is the role of technology in supporting company performance in a globalizing business…

    • 1135 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Innovation takes place in R&D laboratories and the entrepreneurial function has become routinized in a managerial bureaucracy. Innovation has become divorced from entrepreneurship. Innovation is central to modern theories of growth and development (Verspagen 2005). Along with the traditional factors such as costs, technological product, and process, innovations have become the key to competitiveness and business success. Competition in the global economy has increasingly become knowledge-based.…

    • 896 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    They also claim it will open up U.S. labor markets by making more jobs available for American workers. The arguments against the second option of building a wall is that fencing off our neighbors to the south and restricting immigration from abroad will fuel anti-American sentiment. If we did close the door, we risk being accused of discrimination and also creating a society that lacks a solid understanding of the world. The third option is a comprehensive immigration reform with a path to full and equal citizenship. This includes ending family detention, closing private immigrant detention centers, and…

    • 1161 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    That’s a more than 30-fold increase, during a period in which global population grew less than three-fold. Free trade aids places that lack certain resources that another countries can help provide. Globalization makes the process of free trade less tense because once world leaders realize how much a country is hurting; they can then extend their helping hand to those countries. Free Trade also assists more established country with receiving goods and services for a reasonable prices to sell to consumers. Globalization promotes economic growth which mean the world leaders want to create more jobs, and lower prices for consumers.…

    • 1091 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    The world is globalizing, and the US has been pushing for this for a long time. In this global world power is shifting, and although the US globalized the world, its standing is now falling. Ehrenreich believes that the outsourcing brought on by this globalization is killing the US, but Zakaria believes that it is merely a part of globalization that could make America all prosper. This globalization has changed the world economically, culturally, politically, and in the presence of nationalism, causing large effects on the US. The globalization of the world has primarily caused large economic changes around the globe, and those changes affect the US in ways that harm its economy.…

    • 901 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Over the years trade has been increasing as a result of globalization. With the removal of trade barriers throughout the world, it can help raises the growth rate of trade between the countries. Another barrier is people 's movement, with various of job seekers, new business, and expanding the business. (Forces) One benefit of the people movement is that many developed countries attracted more immigrants than other undeveloped countries. Additional incentives while attracting people and new and growing will follow then businesses was the with economic in the areas of wages and labor demands, as well as the political and…

    • 2575 Words
    • 11 Pages
    Decent Essays
  • Decent Essays

    The greatest management thinker Peter Drucker (1909-2005) predicted the business globalization phenomenon. In one of his famous quotes, he had already visualized the turnaround that man would do in the business world "the best way to predict the future is to create it" (Peter Drucker Quotes). The internet was crucial to the success of globalization, and it has also helped in every process of global integration of Business. However, the globalization is not a new subject, the older people used to market through the barter to obtain the exchange of goods and services. Globalization has been important in the life of every person on the planet, and it has contributed to the overall growth of all nations.…

    • 1099 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Introduction The world is moving towards an integrated and independent global economy. We are moving towards a world in which cross-border trade barriers and investments have started to decline, distance as perceived is reducing due to the advancement in transportation and telecommunication, material culture is beginning to look similar all over the world and also national economies are becoming interdependent, integrated global economic system. This world is where the amount of goods and services and investment across borders have expanded rapidly than the world output. Even after this significant increase, international institutions such as the World Trade Organisation and leaders of powerful economies across the globe are working towards…

    • 2027 Words
    • 9 Pages
    Decent Essays
  • Decent Essays

    State sovereignty is “a principle for organizing political space where there is on soverign authority which governs a given territory.” The chapter looks at how state sovereignty is rapidly decreasing due to globalization. The introduction of globalization has opened borders resulting in global interests and decisions impacting state control. State sovereignty creates a sense of community within state lines, establishing reliability and reassurance for the people inside of the state. Through introducing modernization, and the development of international relations and trade, the sense of community has begun to disintegrate. Poststructuralists and realists agree that one of the most important aspects that is central to world politics is the state “When we think of ‘international community’, it is built on what we know from the state.…

    • 1644 Words
    • 7 Pages
    Decent Essays