The phrase: “the world is flat” can be interpreted in many ways. Basically what Friedman means by “flat” is “linked.” The falling of trade and political barriers and technical advances have made it possible to do business, instantaneously with billions of other people around the world. It has allowed for parts of the world, which had previously been cut off, like China and India, to successfully compete in the world market. Thus, the playing field is being leveled, and no one nation has an advantage. Friedman could also refer to a “flat world” in a metaphorical sense. In a spherical earth you cannot see around the world and cannot recognize the opportunities far from where you live. If the world were flat you could see it all. There would be no barriers to get in your way. This is the equivalent to a smaller globe which allows one to reach far away opportunities.
The three Globalizations contrast in many ways. Globalization 1.0, lasting from 1492 to about 1800, was about......
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