1. Describe what the “flat world” means before watching the lecture?
Having more advanced technology and being able to communicate with people all over the world and compete with them.
2. Briefly describe Globalization 1.0.
It lasted from 1492 until the early 1800s. It shrunk the size of the world from a size large to medium. People globalized through their countries. Countries that did that would be Portugal, Spain, France…
*Globalization – the world is shrinking.
3. Briefly describe Globalization 2.0.
It lasted from early 1800s to 2000. It shrunk the world from a size medium to a small. Caused because of companies globalizing. You went global through your company.
*Multinationals – companies that are all over the world.
4. Briefly describe Globalization 3.0.
What we’ve entered now. Shrinking the world from a size small to tiny and flattening the global economic scale at the same time. It is built around the individuals and small groups globalizing. It is the new and unique thing about this era. It will be built around individuals and small groups of every color of the rainbow.
PS- today is EXACTALLY 2 months until my 16th birthday! Which, if you didn't know it July 5. Also, the day after Independence Day. Which is on a Sunday this year. So everyone has Monday, which is my birthday, off. So I can't get my license on my birthday. But oh well! OH! Also it's cinco de mayo!
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