Globalization is process of integration. It is spread all through several fields, such as politics, culture, economy, technology and the environment. Internationally, these fields are going through a period of conversion and evolution causing this world to turn out to be homogenous and flat. Even nations in the Third World are having the prospects only the developed countries once had to emerge into affluence. In fact, globalization is not new. Numerous events through which this course is evident have been going on for many years. However, between the late 20th century and early 21st century, the process of globalization has intensified. According to Jones (2010), a number of thinkers, including Friedman and Stiglitz, say that economy is the driving force behind globalization.
In his book, The World Is Flat, Thomas L. Friedman examines a number of factors that have caused globalization to intensify during the past 20 to 25 years. But first of all, the thing which is very important to understand is what globalization is. In the book, Making Globalization Work, Joseph E. Stiglitz explains globalization as the global flow of ideas and knowledge, the sharing of cultures, global civil society and international environment …show more content…
The need is obvious for a managed approach; one that does not bound itself to safe guarding investor concern. Friedman mainly uses a mixture of an empirical and logical technique. The American Heritage Dictionary explains empirical as being derived from and demonstrable by observation and logical as being based on previous or otherwise known statements, events, or conditions. Scholarly dissertations, main documents, conversations, and interviews are the major sources that Friedman uses to develop his