The meaning of the term ‘The World is Flat’ relates to the idea that the global community is now operating on an even playing field. The global economy has leveled, and people from all countries, economies, and nationalities have attained the means to contribute in a similar manner, through all dimensions to the global economy. According to Thomas Friedman, the world is moving toward a more unified and symmetrical method of the economy which involves a creation of collaboration and the use of means which are globally uniting people. Technological measures that are being used in a more progressive ...
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Introduction
The Meaning of the World Being Flat Additionally, this concept was first created during Friedman’s journey in Bangalore, India. He realized that the aspect of globalization has changed many essential economic terms which businesses were already accustomed to over the past 15 years. Friedman also believed that the flattening of the world happened to be a product of the convergence of computers which has a fiber optic micro cable since this created a new era of efficient work flow process and its software. This creation was perceived as Globalization 3.0. It is important to understand that the flattening ...
Summary
The worldwide bestselling book by Thomas L. Friedman “The Word is Flat. A Brief History of the Twenty-First Century” examines globalization in the start of the 21st century. In the entire book, Friedman assists the reader to perceive the globe as a level playing stage, whereby traditional issues of geographical, as well as historical divisions, are becoming inappropriate, and all the competitors have an equal chance. In his book, Friedman depicts the way globalization has broken the boundaries of countries and is transforming the globe into an interconnected, flat world. The author looks at influences that shape businesses and competition ...
In the book `The world is Flat`, Thomas Friedman describes triple convergence as the process by which the flatteners have come together to make the world efficient and a little easier. The ten Flatteners include the rise of the PC, workflow, off shoring, in sourcing, informing, supply chaining, uploading, fall of the Berlin wall, Netscape and steroids. He further explains that since the flatteners’ convergence the direction of the world changed making it better. First convergence describes the collaboration of the flatteners creating workflow efficiencies. Lack of familiarity with these efficiencies forced people to learn the new technology for them ...