According to American journalist Thomas Freidman, our world is flat. In other words, Freidman argues that the world has become technologically dominated and with the help of technological advancement (for example, the internet), every country now has a fair chance to compete in the global market. I do agree with Friedman in the aspect that technology has brought the world closer together and created an invisible string tying together international trades and expansion of business globally. But I don 't believe that the world is flat, rather it is far from flat. I disagree with Freidman’s statement that every country has a fair chance in the market because the world is now flat. Instead, due to the globalization (flat world), more countries now have less of a chance to compete in today’s market. Just like what Friedman has stated in this book, "Each of us as an individual, will have to work a little harder and run a little faster to keep our standard of living rising” (Stephen Marshall). Although, when Friedman mentioned this quote in his book, it was not to be interpreted this way. But instead, how I see it is the world has become more round. According to the Development Economics Research, the richest one percent worldwide owns forty percent of the world’s wealth. According to the statistic, not everyone has an equal chance of competing in a global market. Instead, globalization ultimately leads to what Senior Analyst with Foreign Policy in Focus, Mark Engler states as the “race to the top.” There will be robust races in technology between the wealthy players of the world and as for those on the “bottom of the race,” would endure a further gap to get to the top.
Freidman has underestimated the globa...
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...that run its core business relationship with employees, customers, suppliers and external partners through digital networks. Digital firms have transformed the traditional business process of firms, by providing more flexibility in a global market. Digital firms offer both time shifting and space shifting which now has become the norm. Time shifting is when business is conducted continuously for 24/7; instead of the traditional workdays from 9 A.M. to 5 P.M. Space shifting is when the work takes place in a global scale. Firms such as Cisco Systems, 3M, and IBM, moving towards becoming a fully digital firm. Many companies today are replacing face-to-face interviews with “virtual” interviews such as video calls. One of the biggest advantages of a digital firm is the use of current technology to optimize resources and obtain the highest productivity and profitability.
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