What does Thomas Friedman mean when he says the world is flat?
The world was being flattened.” So, when Friedman says the world is flat, he is saying that technology has allowed companies from more and more countries of the world to compete on an equal basis in the global economy.
Why did Thomas Friedman said that the world is flat what are the things that he considered as basis for his claim that the world is flattening?
Summary. In his book The World Is Flat, Friedman recounts a journey to Bangalore, India, when he realized globalization has changed core economic concepts. In his opinion, that flattening is a product of the convergence of the personal computer with fiber optic microcable with the rise of work flow software.
What is the flat world perspective?
The flat-world viewA metaphor for viewing the world as a level playing field in terms of commerce, where all competitors have an equal opportunity. is largely credited to Thomas Friedman and his 2005 best seller, The World Is Flat. It is important to understand the flat-world perspective.
How the world become flat?
Globalization 2.0 (1800 to 2000) shrank the world from a size medium to a size small, and it was spearheaded by companies globalizing for markets and labor. Globalization 3.0 (which started around 2000) is shrinking the world from a size small to a size tiny and flattening the playing field at the same time.
Is the world flat because of globalization?
Globalization and place. In fact, there is a sizable body of opinion and evidence that globalization is not flattening the world economy but accentuating its unevenness. It is even arguable whether the global ICT ‘platform’, as Friedman calls it, is itself flat.
What are the ten world Flatteners?
He writes extensively about the ten events or trends he calls the 10 Flatteners that changed the world:
- The fall of the Berlin wall.
- The World Wide Web and the internet.
- Workflow software.
- Uploading.
- Outsourcing.
- Offshoring.
- Supply chaining.
- Insourcing.
What are the 3 stages of globalization according to Thomas Friedman?
Friedman divides the history of globalization into three periods: Globalization 1.0 (1492–1800), Globalization 2.0 (1800–2000) and Globalization 3.0 (2000–present).
What are the 10 Flatteners?
What are the causes of globalization?
The most important causes of globalization differ among the three major components of international market integration: trade, multinational production, and international finance.
What might the impact of a flat world be on your standard of living?
Standards of living would increase globally as the world trends closer to a true ‘flat world’. Overall GDP and wages should rise and business become more efficient and prices drop through competition. Countries with struggling economies would likely see the highest growth in their standard of living.
What does flat mean in globalization?
“The world is flat” is a phrase that Friedman uses as a figure of speech to gain the reader’s attention. The metaphor implies that globalization has flatten the world over the years and it will continue to do so.
What are the 10 forces that have flattened the world?
Page 1
- 10 Forces That Flattened the. World. Berlin Wall Falling.
- Netscape Goes Public. • P.C. had given everybody the ability to create, but not share.
- Work Flow Software. • Not as celebrated as other flatteners.
- Uploading. • “Open Source” community.
- Outsourcing. •
- Offshoring. •
- Supply-Chaining. •
- In-sourcing. •