World Is Flat - Summary
World Is Flat - Summary
World Is Flat - Summary
Summary
In his book, The World is Flat, Friedman recounts a journey to Bangalore, India, when he realized globalization
has changed core economic concepts.[2] In his opinion,
this attening is a product of a convergence of personal
computer with ber-optic micro cable with the rise of
work ow software. He termed this period as Globalization 3.0, dierentiating this period from the previous
Globalization 1.0 (in which countries and governments
were the main protagonists) and the Globalization 2.0
(in which multinational companies led the way in driving
global integration).
1 SUMMARY
ow. The ability of machines to talk to other machines with no humans involved, as stated by Friedman. Friedman believes these rst three forces have
become a crude foundation of a whole new global
platform for collaboration. There was an emergence of software protocols (SMTP simple mail
transfer protocol; HTML the language that enabled anyone to design and publish documents that
could be transmitted to and read on any computer
anywhere) Standards on Standards. This is what
Friedman called the Genesis moment of the at
world. The net result is that people can work with
other people on more stu than ever before. This
created a global platform for multiple forms of collaboration. The next six atteners sprung from this
platform.
search engines is tremendous; for example, Friedman states that Google is now processing roughly
one billion searches per day, up from 150 million
just three years ago.
#10: The Steroids: Wireless, Voice over Internet, and le sharing. Personal digital devices like
mobile phones, iPods, personal digital assistants, instant messaging, and voice over Internet Protocol
(VoIP). Digital, Mobile, Personal and Virtual all
analog content and processes (from entertainment
to photography to word processing) can be digitized
and therefore shaped, manipulated and transmitted;
virtual these processes can be done at high speed
with total ease; mobile can be done anywhere, anytime by anyone; and personal can be done by you.
The Dell Theory stipulates: No two countries that are both part of a major global supply
chain, like Dells, will ever ght a war against
each other as long as they are both part of the
same global supply chain.[3]
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known as the Golden Arches theory. Later, Friedman up- Nobel Prize-winning economist Joseph Stiglitz has been
graded that theory into the Dell Theory of Conict Pre- critical of Friedmans book. In Making Globalization
vention by saying that people or nations don't just want to Work, Stiglitz writes:
have a better standard of living as symbolized by McDonalds franchise in their downtown, but want to have the
Friedman is right that there have been dralump of the labour sector that is created by globalization.
matic changes in the global economy, in the
That is, developing nations do not want to risk the trust
global landscape; in some directions, the world
of the multi-national companies who venture into their
is much atter than it has ever been, with those
markets and include them in the global supply chain.
in various parts of the world being more connected than they have ever been, but the world
Thomas Friedman also warns that the Dell Theory should
is not at [] Not only is the world not at: in
not be interpreted as a guarantee that nations who are
many ways it has been getting less at.
deeply involved in global supply chains will not go to war
with each other. It rather means that the governments
of these nations and their citizens will have very heavy
economic costs to consider as they contemplate the possibility of war. These costs include the long-term loss of
the countrys protable participation in the global supply
chain.
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The World is Flat: Updated and Expanded (Release
2.0) (2nd ed.). Farrar, Straus and Giroux. 2006.
ISBN 0-374-29279-5.
The World is Flat: Further Updated and Expanded
(Release 3.0) (2nd revised and expanded ed.). Farrar, Straus and Giroux. 2007. ISBN 0-374-292787.
References
External links
Authors website
EXTERNAL LINKS
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