Globalization The World Is Flat Review Essay - 1342 Words

Globalization: The World Is Flat Review Globalization is a concept involving the integration of international nations amongst domestic companies, and individuals. It encompasses not only the day-to-day activities of businesses that work internationally, but also spans into the processes of offshoring, moving entire production facilities, or even the entire company overseas for financial reasons, and outsourcing, sending pieces of their domestic production lines or facilities to international regions due to lower cost, or higher skilled labor. Globalization presents significant opportunities for international corporations. Until pro-international business treaties such as NAFTA were incorporated, most businesses had no real competitive labor pool. Factories could only hire labor domestically for the most part, and were limited by labor unions who upheld strict regulation, along with pay increases which increased labor costs as time passed. After pro-globalization regulations had passed in America, multinational corporation s began testing the waters to see what would significantly boost their profits. These corporations sought out underdeveloped nations, such as Mexico, Thailand, Pakistan, India, and China; as a result, these corporations began aggressively building factories in these countries, initially sending production jobs that were formerly in the United States, Canada, or England to these countries, these corporations later sent their customer service jobs overseasShow MoreRelatedThe World Is Flat- the Globalization World in the Twenty First Century- Book Review1672 Words   |  7 PagesInternational Business Assignment Title: Individual Assignment – Book Review Book title: The World Is Flat- the Globalization World in the Twenty First Century Author: Thomas L. Friedman Introduction ‘The World Is Flat- the Globalization World in the Twenty First Century’ is a well written book by Thomas L. Friedman based on his personal experience, case studies, and etc. He explores the political and technological changes that have made the world a smaller place. From the explosion of the internet to theRead MoreFlat World1122 Words   |  5 PagesIs the world really flat? In view of Thomas Friedman’s work â€Å"It’s a flat world, after all†, the entire planet is turning into a global village due to a rapid growth of information technology. There are 10 major contributors, which were also named â€Å"flateners† by Friedman, that made the playing field level. 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When studying at Harvard College and then at PhD programme in Harvard Business School he became the youngest person in the school’s historyRead MoreNegative Effects Of Globalization1552 Words   |  7 PagesGlobalization has negative and positive effects that impact all levels of everyday operations from the international community through regions to individuals. Some oppose the changes it brings, some turn it to their benefit. The latest globalization wave carrying American values hit the Arab Spring particularly hard. The fight against conformation to American values intensified Jihad movements through terrorism again st the Western world. Terrorist groups were able to utilize the same communication