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Technology as globalization driver
Impacts of globalization in our society
Technology as globalization driver
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Thomas Friedman is a renowned Foreign Affairs columnist for The New York Times. He has experience from traveling all over the world interviewing people from all walks of life giving him a strong base to understanding how the world is connected and works. This allows him to have an opinion about globalization and how it has come about in the world. Friedman says globalization is an international system that has replaced the Cold War system. “Globalization is the integration of capital, technology, and information across national borders, in a way that is creating a single global market and, to some degree, a global village” (Friedman, Thomas, 2016). Globalization is essential to understand how everything works in the world from the news on the television to understanding where to invest one’s money. There is an impact found in polices and relations that effects every country in the world in some manner. The globalization of the world has impacted the business world immensely. Business can now be done flawlessly thousands of miles away due to the impact of globalization. …show more content…
The phrase that the world is referring to how the playing field is being leveled between countries and businesses (Pink, 2005). It has become flat through the conversion of technology and politics that has created a web centered world that allows the breaking of the barriers that used to restrict the progress of innovation and business. These barriers included distance, language, or geography (Pink, 2005). The world becoming flat has not been the only factor in the movement of globalization. The use of supply chains are a major factor as
As Americans we have to start to comprehend that the world around us is changing technologically, politically, and economically. In “The Last Superpower” an excerpt from the book The Post American World by Fareed Zakaria published in 2008. Zakaria emphasizes on these changes. Thomas Friedman the author of “The World is Flat” a piece from the book The World is Flat: A brief history of the twenty-first century published in 2005 also emphasizes on the same changes currently happening in the world. Zakaria and Friedman define these changes as globalization. The obvious common ground shared by both authors is their representation of globalization and the effects that it has and will continue to have on modern life. In contrast to sharing the same main topic both authors take a drastically different approach on how the relay their information to the audience. The differences displayed are mainly due to their personal and educational backgrounds, definitions of globalization as well as the individual writing styles of each author.
Arguments supporting the "flat world theory" come mainly from Friedman. His argument rests on the assumption of ten flatteners and a triple convergence. Friedman says that the power of new information technology has helped bring the world closer together and has made it more interconnected and interdependent (Friedman, 2005). More people now have access to this technological platform for education, innovation and entrepreneurship (Friedman, 2005). However, Florida (2005, p.51) argues that this flat playing field mainly affects the advanced countries, which see not only manufacturing work but also higher-end jobs. Other developing or undeveloped countries simply do not have the luxury of this connection and are left out of this technological platform. Florida (2005, p.51) contends that “...there are more insidious tensions among the world’s growing peaks, sinking valleys, and shifting hills”. This inequality is growing across the world and within countries.
Nowadays, Globalization is a main trend for the world economic. The world’s economy has become fully integrated. There are no barriers and borders to trade around the world.
Globalization is influential to the world of 21th century. Economy, businesss life,society, and environment have changed significantly due to the rapid development of technology ,the transfer of information, and increasing competition. Multinational companies can effect the world in many aspects enormously, hence how they behave is crucial to the society and all individuals.(Rodrik,1998)
To determine what this means and what effects it will have on managers of corporate America, we must take a more in-depth look. What is making the world flat? Globalization is the prime catalyst for continuing the global process. However, it can be narrowed down more directly to telecommunications and outsourcing. It was not until recently that countries such as India and China rose as international economic powers.
Globalization is huge part of the success of some the biggest firms today, from Apple, General Electric, to Google. It allows a business to develop international. It allows reduced costs by maximizing production known product lines, allowing to expand into different markets gives a more competitive edge and expanding to new technology helps to increase to a bigger company, having more political edge within trade agreements.
Friedman states that the world is flat because he sees it as a "level playing field" with converging opportunities (4). He discusses events such as the creation of global supply chains, the Soviet bloc, and the capitalist restructuring of China which have broken down the "vertical walls" and created a single global marketplace (4). He also focuses heavily on the increasing use of technology and its ability to connect entrepreneurs all over the world. Friedman feels that the world is flattened due to the new globalized economics which have connected collaborating and competing individuals that are seeking opportunities.
. . ] from more different corners of the planet and on a more equal footing than at any previous time in the history of the world”(8). Friedman details that the world was flattened by 10 distinct events or “flatteners” that brought the world closer together and made the global economy more accessible to those in lesser developed countries or ones less prevalent on the global stage in the 19/20th centuries. The flatteners have helped equalize “access to information - it has no class boundaries, few education boundaries, few linguistic boundaries, and virtually no monetary boundaries”(185). The flatteners including, the rise of the internet, offshoring, and outsourcing, and workflow software have revolutionized how the US interacts with the world as well as how we as individuals interact globally with others. Friedman also discusses how because the world is flat, a new, higher standard of “normal” must be defined.
Thomas Friedman believes that the world is now flat, meaning that anyone can freely contribute to the world’s expanding economy, while Richard Florida claims the world is spiky and still controlled by a few countries. Within “The World is Flat, After All,” Friedman states that different phases of globalization have increasingly shrunk the world, allowing more people to capitalize on resources needed to compete in the global market (2005, p. 34). He cites the world’s increasing connectivity to several major events: first, the falling of the Berlin Wall, followed by the release of Microsoft 3.0 and Netscape that lead to the dot com boom and workflow revolution (Friedman, 2005, p. 35). Because of these events, people across the globe can now collaborate and share vast amounts of knowledge that were not previously attainable for all. Friedman claims that this has allowed countries like India and China to compete with more developed nations, thus flattening the world (2005, p. 36).
Globalization in short, points to the whole effort towards making the world global community as a one village. Knowing the definition of globalization, we can now precede our discussion on the impact of management in the globalization of business. Scholte in his article states “Because of globalization the economies of the world are being increasingly integrated, example mobile phones and internet have brought people closer. The world is becoming a smaller place. Work can be outsourced to any part of the world that has an internet connection” (Scholte J.A., 2000).
When most people here the phrase “the world is flat” they think that it’s an illogical statement. Thomas Friedmann a famous New York Times columnist wrote his international best-selling book “The World is Flat” which analyzes globalization in the 21st century. The phrase The World is Flat is a metaphor for viewing the world as a flat playing field where competitors from all over the world have an equal opportunity. In 2007 Friedmann gave a keynote address at MIT’s in which he gives an in depth analysis of his book and addresses the topic of globalization in our world today.
Thomas Friedman’s The World Is Flat is an engaging analysis of globalization in the modern world, including what led to it and how it has the potential to impact the future. Beginning with the fall of the Berlin Wall on November 9, 1989, he purports, the world saw a sharp increase in market-driven cooperation amongst Western and Eastern countries. Friedman labels this Globalization 3.0, and insists that the technological revolution of the past decades will continue to make the world an even smaller place. Friedman employs case studies and snappy, engaging chapter names to frame the concepts expressed throughout the book.
Globalization affects this world and the people of this world in many ways. It is the idea of making the entire world like a single country.
Globalization’s history is extremely diversified and began during the beginning of civilization. Now we live in a world that is constantly evolving, demanding people to use resources in locations that are very difficult to obtain certain resources. This could make it completely impossible to operate in these specific parts of the world. However, globalization allows people across the world to acquire much needed resources. Globalization creates the opportunity for businesses to take advantage and exploit the ability to take part of their business to a different country. Nevertheless, globalization is part of today’s society and will be involved in virtually all situations.
Globalization is a global process that is changing the world. I would also like to discuss what are the benefits and drawbacks of globalization in the world from different perspectives.