The three Globalizations contrast in many ways. Globalization 1.0, lasting from 1492 to about 1800, was about countries and muscles. Its force driving the process of global flattening was the amount of "muscle" your country had. The key agent of change in Globalization 2.0, which lasted from 1800 to 2000, was the power of multinational companies, which went global for markets and labor. Globalization 3.0, beginning in 2000 flattened the playing field even more. The dynamic force was the power by which individuals could collaborate and compete globally. They could do so digitally with the convergence of the personal computer with fiber-optic cable. Globalization 3.0 differs from the previous two not only in how the world is flattening, but also in the types of people involved. In Globalization 1.0 and 2.0 it was mostly American and European businesses who...
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...decades, is similar but different from outsourcing. Outsourcing means taking a specific function that your company was doing domestically, such as research, call centers, or accounts receivable, and having another company perform that exact same function for you and then reintegrating their work back into your overall operation. Offshoring, by contrast, is when a company takes one of its factories that is operating in the U.S. and moves the whole factory overseas. There, it produces the same product, only with cheaper labor, lower taxes, and lower health-care costs.
Bibliography:(sorry, I did this paper a while ago and I didn't have to do a bibliography so not really sure)
The World is Flat, Thomas Friedman
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