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Flat out globalization

The playing field is being leveled, says globalization guru Thomas Friedman – from Shanghai to Silicon Valley, from al Qaeda to Wal-Mart.

This is Globalization 3.0. In Globalization 1.0, which began around 1492, the world went from size large to size medium. In Globalization 2.0, the era that introduced us to multinational companies, it went from size medium to size small. And then around 2000 came Globalization 3.0, in which the world went from being small to tiny. There’s a difference between being able to make long distance phone calls cheaper on the Internet and walking around Riyadh with a PDA where you can have all of Google in your pocket. It’s a difference in degree that’s so enormous it becomes a difference in kind.

Source: Wired



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