Friedman and Globalization

Paper Summary:

This paper considers the argument of Friedman in "The World is Flat" concerning how globalization is changing the world's economy. The paper offers an outline of Friedman's argument, including a discussion of what Friedman sees as flattening forces and it is followed by an attempt to apply Friedman's argument to several businesses. The paper discusses that Friedman's argument is wanting for offering explanatory power.

From the Paper:

"In his book, "The World is Flat: A Brief History of the Twenty-first Century," Thomas Friedman presents a thesis that the world is becoming smaller and economies are moving faster in an age of technology-driven globalization. He claims that the pace of development has accelerated due to the availability of increased access to information and customized approaches to business processes. In order to remain in business and capitalize on the inevitable changes which come with globalism, Friedman suggests that businesses have to alter their approach to the market in such a way that the empowering nature of the free market is optimized. This brief paper will discuss Friedman's argument regarding the nature of globalism's changes, which he terms the "flattening" of the world."

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