adelethinks

The World is Flat.       Friedman’s theory on states that Globalization 1.0 lasted from 1492 to the early 1800s, it marked the beginning of global exploration and shrunk the world from a size “large” to a size “medium”. It is characterized by countries exploring the world and colonizing other nations; Globalization 2.0 lasted from the 1820s to 2000, it shrunk the world from size “medium” to size “small” and characterized by Companies going global through trade and operations in foreign nations; Globalization 3.0 era just started after 2000, it shrinks the world from size “small” to size “tiny” and “flattening” the economic playing field at the same time. This is characterized by Individuals globalizing through connecting, collaborating and competing with themselves.      In Thomas Friedman’s perspective, there has been an evolution of globalization due to certain events that occurred inadvertently through the fall of communism, the rise and proliferation technology and the