The World is Flat by: Thomas Friedman

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The World is Flatby Thomas Friedman
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(No Transcript)
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SWBAT Thoroughly answer questions to a reading
on globalization

• Standard 12.2 Students analyze the
• elements of Americas market economy
• in a global settingStandard 12.6 Students
  analyze issues of international trade and
  explain how the U.S. economy affects, and is
  affected by, economic forces beyond the U.S.
  borders.

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What do you think Friedman means when he says to
his wife, Honey, I think the world is flat?

• In the new 21st century, you are entering a world
  in which everyone is on a level playing field!!!
• That means you are competing with people all over
  the world!!!
• No more leverage!!!

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Why are you in a different world once you enter
the gates of Infosys?

• On the outside of this company in Indiait looks
  like you are in a developing country.
• But, when you enter the gates, it is a
  technologically driven/advanced state of the art
  company.

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How are the 40 digital screens conference room a
symbol of globalization?

• Has the ability to have a virtual meeting with
  every key player from all parts of the globe

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According to Nilekani, what has been happening in
the last few years to create this huge momentum
of globalization?

• Outsourcing
• Massive investment in technology
• Computers became cheaper throughout the world
• Explosion of software
• This allowed the ability of intellectual capital
  to be delivered from anywhere

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How is the playing field being leveled at the
beginning of the 21st century???

• All countries are able to compete for global
  knowledge

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Why was Friedman excited at the idea of the world
being flat???

• Its possible for more people than ever to
  collaborate and compete in real time with people
  in different job fields from different corners of
  the planet.
• This is causing people to be on more equal
  footing than at any previous time in history!!!

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Why was Friedman worried and filled with dread at
the idea of the world being flat?

• It empowers not only the intellectual capital of
  the world...but also the terrorist networks
  throughout the world.

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When and for how long did Globalization 1.0 take
place?

• 1492-1800
• When Columbus set sail to the New World until
  around 1800

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In Globalization 1.0, who led the way in breaking
down walls and knitting the world together?

• Countries and nations led the way
• Theyre going global

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When and for how long did Globalization 2.0 take
place? What was the key agent of change for this
era?

• 1800-2000
• The dynamic force driving global integration was
  multinational companies
• Companies are going global

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When did Globalization 3.0 take place???

• 2000-today

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What is the unique characteristic of
Globalization 3.0?

• It is now individuals competing and collaborating
  globally

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How is Globalization 3.0 different from the first
two?

• Its shrinking and flattening the world
• Also, it will be driven by more non-Western,
  non-white groups of individuals
• Individuals from every part of the world are
  being empowered!!!

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How many U.S. tax returns were done in India in
2003?

• 25,000

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How many U.S. tax returns were done in India in
2004?

• 100,000

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How many U.S. tax returns are expected to be done
in India for 2005?

• 400,000

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Why do you think so many U.S. companies are
planting firms in countries like India and
China??? What are the advantages for a
corporation to outsource labor in different
countries?

• It is cheaper for firms to outsource the labor
  and it allows them to become more competitive in
  this global economy

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What are the advantages for a consumer for
corporations to outsource labor in different
countries?

• It allows goods and services to be cheaper for
  us!!!

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Sum Thomas Friedman UP!!!

• On your paper, write down three things you
  learned
• I learned
• I learned
• I learned