Assignment 1: The World is Flat 3.0 (10 points) Listen to Tom Friedman’s MIT talk titled “The World is Flat 3.0” and answer the following questions. Your answers must be short‚ succinct‚ and structured‚ and not of the rambling type. The suggested total length of your answers is 1-2 pages. 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) Globalization 1.0 was built around countries having
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ASSIGNMENT 2 Forces that flattened the world according to Thomas Friedman Supply chaining A supply chain is a system of organizations‚ people‚ technology‚ activities‚ information and resources involved in moving a product or service from supplier to customer. Supply chain activities transform natural resources‚ raw materials and components into a finished product that is delivered to the end customer. In sophisticated supply chain systems‚ used products may re-enter the supply chain at any
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What is globalization? Globalization is defined as the changes in the world; interchanging of resources‚ ideas‚ products‚ markets‚ cultural exchange‚ aspects of cultures‚ investments‚ and business competition. As the world is continuing to grow‚ it’s going to continue to improve its’ technology as everyone continue to interchange with each other. What is globalization 1.0‚ 2.0‚ and 3.0? Globalization 1.0 was established in 1492‚ when Christopher Columbus sailed across the Atlantic Ocean to discover
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Not being involved with any outsourcing business‚ I experience the flatness of the world through online communities‚ media streaming‚ file and information sharing‚ e-mails and chatting‚ etc. Through social networking websites like Friendster‚ I can stay in touch with my distant friends and relatives. Instead of going to a mall‚ I can actually stay at home and shop online from anywhere around the world. And as a student who is usually bombarded with a lot of research work‚ I rely on search engines
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of Video “The World is Flat” Key issues or Problems in the video: 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. He talks about Americans and the developing world but says almost nothing about Africa‚ Europe & Australia. The World is flat applies better to people with similar kind of economic conditions. In developing world‚ a big portion
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Thomas Friedman’s idea that the world is flattening is based on recent observations that the global economic “playing field” is becoming increasingly easier to enter and to compete in. Friedman notes ten events that have played a significant role in this phenomenon. Friedman noted some very interesting events that helped lead to the flattening of the world‚ such as outsourcing‚ offshoring‚ supply chaining and “insourcing”. The two events of Friedman’s ten that I found to be most interesting
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excerpt from the book “The World is Flat: A Brief History of the Twenty-First Century” by Thomas L. Friedman‚ discusses how the world is globalizing into three types of skills which allow the countries‚ companies‚ and individuals to survive in today’s middle class era as compared to the last fifty years. By doing this‚ Friedman introduces that the Earth over time is actually becoming flatter and not round due to the advancements in technology and the outsourcing of jobs. Friedman stresses‚ “The key to
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The Ten Forces That Flattened the World These are the ten factors describing how the world is becoming “flat” or globally interconnected‚ thereby allowing businesses all over the world to compete on a more equal playing field. 1. The New Age of Creativity (the fall of the Berlin Wall) This event “tipped the balance of power across the world toward those advocating democratic‚ consensual‚ free-market-oriented governance‚ and away from those advocating authoritarian rule with centrally planned economies
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In his essay “The World is Flat”‚ Thomas L. Friedman reckons with the belief of flattening world he realizes in the journey to India. Friedman notes that Columbus’s sea exploration shortened the distance for Spanish monarchy to grow its wealth and power out of the "source of [India’s] untold riches" (633)‚ and discovered "the world was indeed round" (664). Columbus found the hardware source of India’s riches which is the free slavery labor and natural resources‚ and yet Friedman found the software
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review of Thomas Friedman’s "The Word is Flat: A Brief History of the Twenty-First Century". Written in 2006; 1‚125 words; 1 sources; $ 44.95 Paper Summary: This paper presents a review of Thomas Friedman’s book about the progress of globalization in the early 21st century. The paper examines the major points in the book and discusses the strengths and weaknesses of Friedman’s arguments. From the Paper: "One intriguing book to be written in the past year is Thomas Friedman’s T"he World Is Flat:
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