Which of the following is a result of globalization and the flattening of the world?
In terms of social globalization the world remains more connected than ever due to the widespread use of digital technologies. However, since the Great Recession of 2008-2010 a downward trend in economic integration has been observed.1 Show The slowdown of world trade that resulted from the financial crisis was exacerbated by protectionist policies and nationalist movements in recent years. The COVID-19 health crisis that brought economic collapse has prompted policymakers to take deliberate steps toward deglobalization. While the current trend is not likely to end globalization, some argue that “globalization can be reversed, at least partially.”2 In addition, the United Nations identified three mega-trends related to globalization: shifts in production and labor markets, rapid advances in technology, and climate change.3 Listed below are books, reports, and articles that discuss the trends in globalization and offer guidance for further research. The following titles link to fuller bibliographic information in the Library of Congress Online Catalog. Links to additional online content are included when available.
Internet ResourcesThe following online resources provide additional information on the trends in globalization.
NotesWhat is the flattening of the world?The title is a metaphor for viewing the world as a level playing field in terms of commerce, wherein all competitors, except for labor, have an equal opportunity.
What wave of globalization that has created a flat world platform?Globalization 2.0 (1800 to 2000) shrank the world from a size medium to a size small, and it was spearheaded by companies globalizing for markets and labor. Globalization 3.0 (which started around 2000) is shrinking the world from a size small to a size tiny and flattening the playing field at the same time.
What were the 4 major effects of globalization?Increased greenhouse gas emissions, ocean acidification, deforestation (and other forms of habitat loss or destruction), climate change, and the introduction of invasive species all work to reduce biodiversity around the globe.
What does Thomas Friedman mean when he says the world is flat?Friedman believes the world is flat in the sense that the competitive playing fields between industrial and emerging markets are leveling. He recounts many companies in India and China that are becoming part of global complex supply chains through a process called outsourcing.
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