After reading a couple chapters of this book I have came to the conclusion that it shows you a lot of strong points on how Thomas L Friedman thinks about the world. He explains why it all is happening and how the international system is transforming the world affairs. It also shows you all the things that he said in his book that they would come true and some of those things actually did come true. This books helps you understand about how globalization is working and why it is happening. It also
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Is the world really flat? In his famous book: The World is Flat, Thomas Friedman depicts how globalization has broken the restrictions of country border and is transforming the world into an interconnected, flat world. Based on his observations, Friedman groups these globalization phenomena into 10 so-called “flatteners”, such as Collapse of the Berlin Wall, outsourcing, offshoring, and informing. He is a firm advocate of free trade. He recounts several examples of Chinese and India companies
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Will Robots Create Economic Utopia? The Globalization 3.0 that has brought us to the flattening world has intensified. In support of Thomas Friedman every day we have more robotics and automation attributing to the disappearance of middle class and menial jobs. Industries are transforming daily in every industry from customer service to driving trains. This will alter the job market greatly as robots increase and technology changes. Through automation we have high speed trading on Wall Street
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Globalisation How have technological advances affected communication and trade the world? Technological advances have affected communication and trade in the world allot, but in a good way. Now in days we have much more opportunities. We can get information’s to everything by using the internet or television, have contact with friends/family by using cell phones and internet, travel and transport by boats, ships, flies and etc. The rage of technology has given us the ability to do more in less
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A1) A parent is looking for the best option for daycare for a child. A home-based option charges a flat rate of $10 per hour. A center-based option charges a fixed fee of $332.50 per week for 35 hours and then a fixed rate of $11 per hour for any hour provided over the set amount. Determine which option is most advantageous for the parent based upon the parents’ needs. A2) The parent works a 40 hour work week. Each of the daycare options is a half an hour away from the parent’s office. This means
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3.1.1 PEST Analysis Political Globalization today has changed worldwide trend of doing business. Companies find it difficult to survive by relying solely on domestic market. The borders between various countries are getting invisible. Companies are nowadays creating business in various countries without boundaries. Advertisements are all over the world for many products. Company strategists find it not an easy task to expand the business beyond borders. The basic need for globalization is to learn
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Summary of The World Is Flat by Thomas L. Friedman LENGTH: 4976 words HEADLINE: It's a Flat World, After All BYLINE: By Thomas L. Friedman. Thomas L. Friedman is the author of ''The World Is Flat: A Brief History of the Twenty-First Century,'' to be published this week by Farrar, Straus & Giroux and from which this article is adapted. His column appears on the Op-Ed page of The Times, and his television documentary ''Does Europe Hate Us?'' will be shown on the Discovery Channel on April 7 at 8 p
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Globalization is the key component nowadays for a company to be able to be profitable. As Thomas Friedman states in his book, The World is Flat, “For physical products, supply chains now span the world. For example, raw materials might be extracted in South America, electronic components manufactured in Asia, computers assembled in the United States, and the final products sold in Europe.” [1] Consolidation strategies further empower firms to capitalize on economies of scale and focus on lowering
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In this week’s video, outsourcing is being discussed. In this case, outsourcing is the process of companies obtaining goods and services externally as opposed to doing it themselves. The primary benefits are that companies can become more efficient and cost-effective by doing so. Initially, these may be the primary motivators to outsource, but additional benefits could include better operation control, staffing flexibility, continuity and risk management, and the development of internal staff by
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The first response for many is that this is an unrealizable pipe dream, and not even a positive one. A borderless world—for all its promises of freedom and harmony—is fraught with all kinds of problems as well. I would wager that the most common possible problem in the reader’s mind is a fear of security. A borderless world likely conveys fears of terrorists moving about at will with their threats and acts of violence on a defenseless people. There are some who might argue that a borderless world
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