Globalization And The Flat World

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Globalization and Friedman's "The World is Flat" The term globalization in relation to business and economics literally stands for increasing world integration through trade, financial flow and knowledge. No longer are business corporations making decisions based on local figures, but take into account everything on a world scale itself. Through production, trade, and financial transactions between many countries in the world, the entire planet has leveled itself into what seems to be one competitive playing field between industrial and emerging market countries, which is what Friedman based on in his book, "The World is Flat." Although, Friedman blamed the 'flattening' of the world on technology. In a world where everyone can easily communicate with anyone in the world, Friedman worries about the idea of technology and markets converging to the point where outsourcing and offshoring is so common that all work done in a business would be in (what looks like) China and India. He stresses that several technological and political forces have converged, and that has produced a global, Web-enabled playing field that allows for multiple forms of collaboration without regard to geography or distance. The future of globalization can bring about scary thoughts. Ten years ago, could you imagine a technical support operator helping you with your broken computer all the way across the world in India? Free trade may be ruining the world's economy, I personally don't like the idea that some rich industrialized countries invest in poorer countries, outsourcing jobs to foreign lands for an absolutely atrocious wage. Yes, some of those countries actually end up with a stronger economy, but it's at the expense of thousands of workers working in sweat shops for over twelve hours a day earning a wage they wouldn't be allowed to earn back at home. Overall, globalization brings
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