Question

Describe the challenges and opportunities of globalization in a ""flattened"" world.

Answer 1

Answer:

The meaning of a 'flattened' world is that ,globalization, which can be described as inventions and various developments in the technology world , has created a level playing ground, where countries considered as small or minors are now competing with the super-power ones.

Explanation:

The major challenge of this is that , the rate competition has increased between countries that have great impacts on the resource area of businesses.

And the opportunities are that, new jobs are created or available especially in the information systems and other jobs or occupations involving services.

 Finding better suppliers and at a better price has also been considered as a big benefit because now there were more places to choose from globally.

Answer 2

Answer and explanation:

American journalist and writer Thomas Friedman (born in 1953) in his book "The World Is Flat: A Brief History of the Twenty-First Century" (2005) uses the term "flattening" to describe the phenomena by which the world is tearing down barriers thanks to computers and the internet and its impact in the worldwide economy.

Having a flattened world has allowed commerce to spread massively. Buyers and sellers from anywhere on the planet can match their needs on a web page. Besides, job opportunities have increased mostly for developing countries since work is taken to those regions due to cheaper labor costs. But the last situation represents an advantage for workers but a disadvantage at the same time. The labor force in the company's domestic countries is affected by the outsourcing of work.