When scholars write the history of the world twenty years from now, and they come to the chapter "Y2K to March 2004," what will they say was the most crucial development? The attacks on the World Trade Center on 9/11 and the Iraq war? Or the convergence of technology and events that allowed... read more
Cheap, ubiquitous telecommunications have reshaped the globe into a ‘flat world’ in which individuals compete on an equal footing regardless of their geographical location.
“While the dynamic force of Globalisation 1.0 was countries globalising and the dynamic force in Globalisation 2.0 was companies globalising, the dynamic force in Globalisation 3.0 – the force that gives it its unique character – is the newfound power for individuals to collaborate and compete globally.”
“In China today, Bill Gates is Britney Spears. In America today, Britney Spears is Britney Spears - and that is our problem.”
“According to the IFC report, if you want to create productive jobs (the kind that lead to rising standards of living), and if you want to stimulate the growth of new businesses (the kind that innovate, compete, and create wealth), you need a regulatory environment that makes it easy to start a business, easy to adjust a business to changing market circumstances and opportunities, and easy to close a business that goes bankrupt, so that the capital can be freed up for more productive uses.”
“Capital does not just move around the world looking for the cheapest labor. If it did, all the jobs would be in Haiti and Bangladesh. It is looking for the most productive labor at the lowest price, which means that in order to attract capital, your country has to get those four basics - infrastructure, education, government, and environmant- right.”
Change is hard. Change is hardest on those caught by surprise. Change is hardest on those who have difficulty changing too. But change is natural; change is not new; change is important.Highlighted by 85 Kindle customers
The flat-world platform is the product of a convergence of the personal computer (which allowed every individual suddenly to become the author of his or her own content in digital form) with fiber-optic cable (which suddenly allowed all those individuals to access more and more digital content around the world for next to nothing) with the rise of work flow software (which enabled individuals all over the world to collaborate on that same digital content from anywhere, regardless of the distances between them).Highlighted by 82 Kindle customers
And while the dynamic force in Globalization 1.0 was countries globalizing and the dynamic force in Globalization 2.0 was companies globalizing, the dynamic force in Globalization 3.0—the force that gives it its unique character—is the newfound power for individuals to collaborate and compete globally.Highlighted by 79 Kindle customers
It helps because it frees up people and capital to do different, more sophisticated work, and it helps because it gives an opportunity to produce the end product more cheaply, benefiting customers even as it helps the corporation.Highlighted by 68 Kindle customers
Goods are traded, but services are consumed and produced in the same place.Highlighted by 64 Kindle customers
Any activity where we can digitize and decompose the value chain, and move the work around, will get moved around.Highlighted by 63 Kindle customers
Totalitarian systems depend on a monopoly of information and force, and too much information started to slip through the Iron Curtain, thanks to the spread of fax machines, telephones, and, eventually, the personal computer.Highlighted by 63 Kindle customers
Communism was a great system for making people equally poor. In fact, there was no better system in the world for that than communism. Capitalism made people unequally rich,Highlighted by 63 Kindle customers
“Everyone has to focus on what exactly is their value-add.”Highlighted by 60 Kindle customers
Every new product—from software to widgets—goes through a cycle that begins with basic research, then applied research, then incubation, then development, then testing, then manufacturing, then deployment, then support, then continuation engineering in order to add improvements.Highlighted by 51 Kindle customers
How the World Became Flat
Chapter 1 - While I Was Sleeping
Chapter 2 - The Ten Forces That Flattened The World
Chapter 3 - The Triple Convergence
Chapter 4 - The Great Sorting Out
America And The Flat World
Chapter 5 - America And Free Trade
Chapter 6 - The Untouchables
Chapter 7 - The Quiet Test
Chapter 8 - This Is Not A Test
Developing Countries And The Flat World
Chapter 9 - The Virgin Of Guadalupe
Companies And The Flat World
Chapter 10 - How Companies Cope
Geopolitics And The Flat World
Chapter 11 - The Unflat World
Chapter 12 - The Theory Of Conflict Prevention
Conclusion: Imagination
Chapter 13 - 11/9 Versus 9/11
Acknowledgements
Index
Preceded by The Unbearable Lightness of Being, and followed by Where the Red Fern Grows.
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