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The World Is Flat by Thomas Friedman • effects of globalization • benefits of the internet

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Book cover of The World Is Flat by Thomas Friedman - globalization

technology ● internet ● civilisation

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The world is flat talks about globalisation and it goes through 3 phases of this process. The period between 1492 and 1800 he calls globalisation 1.0. It’s a period fuelled by muscle power and the national economy. The bigger the country you came from, the greater the chances you would do well in international trade. The second era lasted from 1800 until 2000 and, naturally, was called globalisation 2.0. It was the era of multinational companies and decreasing cost of transportation thanks to the steam engine, railroads, ships and then telecommunications to move goods and information from continent…