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Globalization: From Imperialism to the Flat World Economy

maylin avatar
maylin
17 diapositives · 307 Views · Feb 11, 2014

Thomas L. Friedman's insights from "The World Is Flat" (2005), defining key concepts like globalization, imperialism, the industrial revolution, multinational corporations, and outsourcing. It examines the evolution of globalization through four historical stages, beginning with imperialism from 1492 to 1800, followed by the industrial revolution and the rise of multinational corporations from 1800 to 2000. The current era highlights the impact of technology in creating a flat world economy, where communication and outsourcing shape global competition and employment.

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  1. “The World is Flat” Friedman, T. L. (2005) The World Is Flat. Farrarr, Straus and Giroux, New York, NY.

  2. Define These Words • Globalization • Imperialism • Industrial Revolution • Multinational Corporations • Outsourcing

  3. Globalization The trend to involve more and more of the Earth.

  4. Imperialism Domination by one country of the political, economic, or cultural life of another country.

  5. Industrial Revolution • Time period of change from a traditional, agricultural economy to an industrial economy

  6. Multinational Corporations • Businesses that operate in many different countries.

  7. Outsourcing • To send out (work, for example) to an outside provider or manufacturer in order to cut costs.

  8. 4 Stages of Globalization • Before Globalization • 1492- 1800 (Imperialism) • 1800 – 2000 Industrial Revolution + Multinational Corporations • 2000 - ? The Current Era

  9. Communication was done by word of mouth, or possibly written word (letters) if you were literate. Transportation was by foot, on horseback, or on small boats Before Globalization

  10. Before Globalization • A person only knew of the world that they could communicate with. • This included their farm, city, country, or possibly continent. • People in this era believed that the World was flat.

  11. Gutenberg invented the printing press causing more people to become literate. More people could speak foreign languages. Wind and steam power were being used. This led to the invention of bigger, faster boats for ocean travel. Globalization era 1 1492- 1800

  12. Globalization era 1 1492- 1800 • This era began with Columbus discovering America. • This was an era of Imperialism. • European countries competed with each other for Global Domination. • European Countries rushed to create colonies throughout the rest of the world. WHY?

  13. Communication tools available included: Television, Radio, Newspapers, Magazines, Computers, etc. Transportation innovations included: Trains, Planes, Automobiles, etc. Globalization Era 2 1800-2000

  14. Globalization Era 2 1800-2000 • The Industrial Revolution occurs in this era. Many goods were produced quickly and cheaply by machines in factories. • The number of multi-national corporations increased, where companies work in a variety of countries. Ex. Nike, McDonalds, TI.

  15. Many new technologies are available to improve our ways of communicating. For example, we have cell phones, teleconferencing, and the World Wide Web. Air travel is available, but there is also an increased threat of terror. Travel is not needed as much due to new technology. Today

  16. Today • Individuals can compete with corporations in a world-wide economy. • Non-Europeans are competing in the world-wide economy. • Companies are outsourcing to make bigger profits. • How does outsourcing affect the American Worker?

  17. The world is flat because… • Through electronic devices (teleconferencing), we can be present in different parts of the world at the same time. • We have a world-wide economy. What happens in India can effect us immediately.