Question

| Google Docs-create 솔 Watch HK Drama Or EA Clothes for Men Fash A adidas Originals Frar Consider the following: Which of these do you think were the most relevant or vital to "making the world flat?" Did they all "flatten" the same or some "flattened" the world more? Are there any on this list of ten that you don't really think served as flatteners?" a Thomas Friedman authored his book in April of 2005. What other technologies or changes in business in the past 14 years have (in your mind) also "flattened the world" What other technologies or business changes might continue to flatten the world" in the future?

Answer 1

1. It has been seen that outsourcing and offshoring are the most widely used flatners, which had more impact than the other flatners.

Outsourcing- Morre and more companies that are outsourcing work to a third party in order to cut cost or to increase efficiency. For example, a major corporation can take the comparative advantage by hiring a third party financial company to do their accounts. It can be regarded as the simplest way to save money. This has become simpler with the advent of optic fibers through which large data can be transferred seamlessly.

Offshoring- This happens when one company moves their production plant from one country to another country. More often than not, this is motivated by several reasons such as cheaper labor force, lower tax rates and lower health care remuneration to be paid to employees. All these factors will lead to a reduced production cost and thus will lead to increase in the percentage of profit. Example: China. It has been recognized as one of the center for manufacturing offshoring. Many huge companies such as Apple have set up factories in China to take advantage of their cheap labor.

2. Thomas Friedman gave these flatteners after years of research and thus have included the most important of all. Thus it will be foolish to say that any of these flatteners do not work. It may happen that down the lane some flatteners may seem obsolete, but fornthe present all the flatteners deserves utmost respect.