Monday, April 15, 2024

Glowlit Update – The World is Flattening

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In his now famed book The World Is Flat, Thomas Friedman argues that the competitive landscape between advanced and emerging markets has leveled out. Connectivity and collaboration enabling technologies have allowed companies both big and small, regardless of location, to participate in complex global supply chains. As evidence of this globalization, Friedman describes the increasing standard of living in developing countries along with the decreasing cost of goods and services in developed countries. While Friedman presents a compelling case, the reality today is much more complicated because integrated global supply chains have made us highly dependent on a wholly opaque. . .

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