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The World Is Flat Study Guide

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The World is Flat

1. There are three stages of globalization. The first stage of globalization lasted from about 1492 to the early 1800s. Thomas Friedman described this level of globalization as the shrinking of the world from a size large to a size medium. During this period, countries were globalizing by exploring the new world in search of resources and power. The dynamic agent of this stage of globalization the country.

Then. from the early 1800s to the year 2000 was the second stage of globalization. This stage shrunk the world from a size medium to a size small. This era was led by companies globalizing, rather than countries. Companies were the dynamic agent in this era as they were globalizing to expand their markets. …show more content…

During this time, the world shrunk from a size small to a size tiny. This is also when the flattening of the world’s economic playing field occurred. What makes this stage of globalization different from the others is it’s not about countries or companies globalizing, rather about individuals and small groups globalizing. In this stage of globalization, we now have to think of ourselves on a global level because of the new degree to which individuals and small groups can globalize. This stage is not lead or dominated by a group of white male westerners.

2. Friedman indicates that there are ten flatteners that caused the leveling of the world’s economic playing field. The first flattened of the world was the fall of the berlin wall on November 9, 1989. This event allowed us to see the world as a flat continuous plane. Prior to the fall of the wall, there were east and west policies not really any global policies because the wall was causing a divide. Freidman mentions that when the wall fell that window was put up in place, giving us a sort of single graphical user face to see the world.

August 9, 1995, a small startup company in Cali launched called Netscape. The reveal of the Netscape browser was the first commercial browser making it the second flattener. This browser really brought the internet alive, allowing the public to use it which allowed more ways to connect and communicate. This then triggered the .com

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Tim Berners Lee invented the WWW also known as the World Wide Web. This is his most used invention he has created. The web was invented in 1989. The World Wide Web was invented for military uses at first, now it is simply used for entertainment and to use information. People have now created apps on the web and is currently still growing.

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Do you ever wonder find yourself wondering how we lived in a world without the internet, smartphones, and televisions? This new world of technology that we live in today is do to the globalization “super story”, which enables us to put things in ways we, individually, can comprehend. Thomas Friedman, an American journalist and three time Pulitzer Prize winner, suggest in his article “Globalization: The Super Story”, that the world has shifted from the international Cold War system to the new international system of Globalization. In other words, the world has adapted to a system of integration rather than divide. Overall, I perceived the article to be terrifying convincing, yet, upon further review I discovered to issues and lack of empathy from Friedman 's point of view.

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The company got bigger and more popular and in 1987, it gained a spot on the listing of the New York Stock Exchange. The company had lots of ups and downs with their stocks and they tried very hard to

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Growing larger, this also helped booming companies and businesses alike, take over the competition in their field. And lastly, the new inventions, technologies and

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During this time, the Internet and the World Wide Web became very popular. Many internet start-ups such as Google, Amazon, and Yahoo were founded. These start-ups were very successful, attracting attention from investors and stock brokers. These investors made so much money that the dot-com boom was part of the largest economic expansion since World War II. The NASDAQ composite index reached an all-time high, with extremely high valuations for many tech companies.

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From the movement of people, to the expansion of cultural values, technology, politics, economy, and outsourcing from a nation to another it’s believed that we live in a world where “National borders don’t matter” (Ghemewat). This idea that the world “has become one” derives from the fact that we’re constantly being influenced by other nations through different situations Situations that include trade, immigrants, direct investments, exports, etc. However, as much as this world seems to be globalized, we have overestimated how “flat” the world is. Though some presume that globalization is increasing, the reality is that we live in a world with “defined borders” (Ghemawat). Essentially, globalization is the connection between nations, therefore

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3. Globalization Throughout the last decades, globalization became a real phenomenon, but history tells us that it is actually not a new social, historical phenomena, but has, under different names and manifestations, been with us for a long time. It is actually not only the continuation of the liberalization of international trade, which began in the mid-19th century with the launch of cross-border trade over long distances and later with intensive large-scale mobility of labor and capital. During capitalism, globalization has amplified due to the lust for profit, which is driven by capitalists across the globe. Indeed, globalization has significantly strengthened ever since.

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The term “Globalization” has been in existence for the past 50 years. It is one of the major causes of the increase in international trade. The Oxford Dictionary defined Globalization as “the process by which businesses or other organizations develop international influence or operate on an international scale”. It is a phenomenon that has been in the front burner for several years. Certain individuals opine that it serves as an advantage for the developing countries to compete in the global market while others were of the opinion that it favors the developed countries by making them richer (Giddens, A. 1999).

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The exceptionally notoriety of the word 'globalization’ signals a require for caution. The word was barely utilized some time recently the late 1980s, indeed in scholarly circles, but nowadays you can barely open a daily paper without experiencing the term. It might effortlessly show up to is an elegant name utilized to assign wonders around which one has as it were the vaguest thoughts. However to dispose of the concept of globalization, and the huge consideration agreed the marvels it envelops, on such grounds, would be silly. There is a genuine require for a common, non-specific term to portray the complex, multi sided ways in which the world is inter-connected, and progressively so.

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This form of knowledge does not distinguishlimitations based on nationhood, religion and ethnicity that is why is it said to have encouraged globalization. The second factor is capitalism, which is a methodused to organizeeconomic activities that will result in making a profit and this phase of capitalism is regarded as the main force behind globalization. The constant concern to build up a surplus or fail constrains capital to look for out cheaper production sites and new markets for their products, which in realistic terms means the world. The third factor is technology which is the application of knowledge, in general scientific knowledge, to solve practical problems. Technological innovations in production and transportation were important during the early modern phase of globalization, whereas technological innovations in information and communication were important during the late modern phase of globalization.

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But some scholars also claim that “Globalization” is a new trend which technically emerged only in modern times or during the 20th century. However, the fact is that “Globalization” took place as a process of mobilization of human capital, travel, cultural exchange, free trade and modernization. Over the years the trend of globalization has seen some basic changes, which is the topic of this essay. This essay is about the difference between the trend of globalization in 20th century and 21st century. The trend of globalization in 20th century and 21st century differs in the following way:

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Then I will state the links between globalization and some of the other lectures that we have covered this year, I chose this lecture because it’s one of the most important parts of any business environment worldwide, globalization has also introduced many developments such as internationalization, liberalization etc. Topic Discussion: Globalization has opened the doors between all businesses and countries worldwide, it has created connections without boundaries and a global exchange of information, cultures etc. It has widely increased the flow of money exchange and foreign investments in countries, and created an involvement between different people in many political, social and economical activities. Changing world politics, technological

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