The Proliferation of Technology in Developing Countries

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Define globalization 1.0, 2.0, and 3.0 and provide a sample of the type of business data managers collected during each era.
Thomas Friedman contends that globalization 1.0 shrunk the world from large to medium and countries and governments were the main protagonists. The governments of countries would finance explorers like Christopher Columbus to discover new parts of the world to enhance trade and commerce. The governments financed the explorers through the exports of manufactured goods and by taxing nobles and their manors. Globalization 1.0 lasted from 1492 until the early 1800’s. This era was the beginning of a global arbitrage. Countries were the dynamic change agents during this phase of globalization. For example, Spain explored South America, Britain colonized India, and Portugal colonized East Asia. The data that was gathered by business managers during this period included maps, trade routes, the languages of the indigenous people, and new kinds of trade goods that could be procured from the new world such as gold, silver, corn, and potatoes.
During globalization 2.0, Friedman explains, the world shrunk from medium to small. Companies such as U.S. Steel, Ford Motor Company, Boeing, and I.B.M. spearheaded this era. Being first time movers, these businesses capitalized on new technologies and innovative processes which enabled them to become powerful and influential. They created new markets and reshaped the business landscape. U.S. Steel made it possible to efficiently mass produce high quality steel, Henry Ford invented the assembly line, Boeing developed and produced airplanes, and I.B.M. successfully mass produced computers. This period lasted from the early 1820’s until the year 2000. During globalization 2.0, ma...

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U.N. (2013). Retrieved from: http://hdr.undp.org/en/reports/global/hdr2013/
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