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Globalization
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... In this book, Friedman offers an historical account of the rise of globalization as well as an overview of the present and upcoming consequences, both positive and negative. ... Korten, in When Corporations Rule the World, takes a look at the opposite end of the globalization spectrum. ... He may be right, but there is more to this “globalization” than he likes to point out. As Friedman explains, globalization is all about democratization: putting power in the hands of the individual. ...
Friedman believes that what we are witnessing now is actually “Globalization Round II” (Friedman xvi). He claims that the world experienced a similar era of globalization in the period prior to World War I. ... Several inventions of the time—most importantly the steamship, telegraph, railroad, and telephone—helped this first era of globalization make the world a bit smaller. But the permanence of globalization had not yet set in. “This first era of globalization and global finance was broken apart by…World War I, the Russian Revolution, and the Great Depression, which combined to fracture the world both physically and ideologically” (Friedman xvi). ... The global economy remained frozen until the end of the Cold War when the Berlin Wall collapsed, freeing the world from the threat of communism and opening the floodgates for a “turbocharged” era of globalization.
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Paper Information
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Title: Globalization
Words: 997
Rating: None
Pages: 4
submitted by: Kabibble2
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