Friday, January 16, 2009

Tom Friedman: Video Summary

Tom Friedman begins by saying that people from far-flung places will becomevery important in the marketplace. In Tom Friedman's book, The World is Flat, Friedman explains about a cascade of "technological and social shifts that effectively leveled the economic world", and made Beijing, Bangalore and Bethesda neighbors. Today, people of every race, age and gender can connect with each other. To do this, Friedman came up with a list of "flatteners" that enhanced globalization:




1. The fall of the Berlin Wall
2. The rise of Netscape
3. The dotcom boom
4. Common software platforms and open source code
5. The rise of outsourcing, offshoring, supply chaining and insourcing.
Friedman says that these five points lead to the creation of a flat world making sharing knowledge easier. This is when three economies began:

- India's economy
- China's economy
- The former Soviet Union's economy

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