- 10 Forces That Flattened the. World. Berlin Wall Falling.
- Netscape Goes Public. • P.C. had given everybody the ability to create, but not share. …
- Work Flow Software. • Not as celebrated as other flatteners. …
- Uploading. • “Open Source” community. …
- Outsourcing. • …
- Offshoring. • …
- Supply-Chaining. • …
- In-sourcing. •
What is the flattening of the world?
Friedman proposes the notion that the world is flattening—that
around the world the competitive playing field is being leveled
, especially with respect to jobs. With the increasing availability of technology, it is no longer necessary for societies to rely on hierarchical structures for access to information.
What are the 10 Flatteners?
- The fall of the Berlin wall.
- The World Wide Web and the internet.
- Workflow software.
- Uploading.
- Outsourcing.
- Offshoring.
- Supply chaining.
- Insourcing.
Why does Friedman say the world is flat?
Friedman believes the world is flat in
the sense that the competitive playing field between industrial and emerging market countries is leveling
; and that individual entrepreneurs as well as companies, both large and small, are becoming part of a large, complex, global supply chain extending across oceans, with …
How did the world become flat?
Summary. In his book The World Is Flat, Friedman recounts a journey to Bangalore, India, when he realized globalization has
changed core economic concepts
. In his opinion, that flattening is a product of the convergence of the personal computer with fiber optic microcable with the rise of work flow software.
What is a flattener Friedman?
#1: Collapse of the Berlin Wall – 11/9/89: Friedman called the flattener,
“When the walls came down, and the windows came up
.” The event not only symbolized the end of the cold War, it allowed people from other side of the wall to join the economic mainstream.
What is a flattener?
A bull flattener is
a yield-rate environment in which long-term rates are decreasing more quickly than short-term rates
. That causes the yield curve to flatten as the short-run and long-run rates start to converge.
Is the world flat or spiky?
By almost any measure the international economic landscape is not at all flat. On the contrary, our
world is amazingly ‘spiky
. ‘ In terms of both sheer economic horsepower and cutting-edge innovation, surprisingly few regions truly matter in today’s global economy.
Did technology flatten the world?
Technology
, of course, is one of the major causes of the flattening of the globe. … From there, Friedman’s list of flattening influences includes such milestones as the advent of the Netscape web browser, work-flow software, outsourcing, offshoring, and supply-chaining.
How has globalization flattened the world?
Globalization 2.0 (1800 to 2000) shrank the world from a size medium to a size small, and it was spearheaded by companies globalizing for markets and labor.
Globalization 3.0 (which started around 2000)
is shrinking the world from a size small to a size tiny and flattening the playing field at the same time.
Which technologies have had the biggest effect on globalization?
Which technologies have had the biggest effect on globalization?
the Internet, the graphical interface of Windows and the World Wide Web, and workflow software
.
How does Thomas Friedman define globalization?
Friedman defines globalization as “
the inexorable integration of markets, nation statesand technologies to a degree never witnessed before—in a way that is enabling individuals, corporations, and nation states to reach around the world farther, faster, deeper, and cheaper than ever before
and in a way that is enabling …
What is the status of Philippines in globalization?
With the country’s continued openness to globalisation, the total trade of the Philippines increased further, to
101.4% of GDP in the 2010s
(Graph 1). The pickup in global trade starting in 2017 has, in fact, helped in offsetting the weak global demand that lingered after the GFC.
How does globalization affect the world?
Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that
it promotes and increases interactions between different regions and populations around the globe
.
What will the impact of a flat world be on your standard of living?
Answer and Explanation: So to recap the definition, a flat world implies open competition and free trade globally. … Standards of living would
increase globally as the world trends closer to a true ‘flat world
‘. Overall GDP and wages should rise and business become more efficient and prices drop through competition.
