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.…
Globalization refers to the development of an integrated world economy, exchange of cultural views, thoughts, and products (Wikipedia, 2013). Pologeorgis (2012) states that, essentially globalization began with the exploration and settlement of new lands. Communication and transportation advances have aided in this process.…
Globalization is a process of interaction and integration among the people, companies, and governments of different nations. It is a process driven by international trade and investment which is aided by information technology. The process of globalization has effects on the environment, culture, political systems, economic development and prosperity, and on our physical well-being in societies around the world.…
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 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.…
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…
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.…
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.…
Globalization is the process in which the world becomes connected through communication, trade, and migration. Globalization can transform cultures and the identity of people within those cultures. One of the primary factors that leads to globalization in the advancement of 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)…
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…
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.…
Thomas L.Friedman, The World is Flat: a brief history of the twenty-first century. Published by Farrar, Straus and Giroux, 2007.…
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.…