International Economy and Globalization (H.W)

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International Economy and Globalization (H.W)
Chapter 3
1. The first convergence emerged after the ten flatteners connected with one another to work their magic on the world. This created a new platform which is global and web-enabled. The second convergence emerged after the merger of new platform –created in the first convergence- for doing business with the new ways of doing business. This actually helped to flatten the world even further (Friedman). The third convergence arose when a whole new group of people walked out on the new playing field from all over the world. This group of people was able to compete, connect, and collaborated with each other more directly, cheaply, and powerfully than ever.
2. This platform allow for multiple forms of collaboration through the search engines and the web such that billions of people can access billions of pages of raw information. This will ensure that the next generation of innovation will come from all over the flat world.
3. The third convergence caused the biggest impact. In my opinion the impact was positive. The Berlin mall opened up and more than three billion people entered the global economic labor force.
4. The innovation of the coaxial and fiber optics cables has lead to a rapid globalization. This has enabled billions of...