What is Thomas Friedman's view on globalization?

Study for the WGU BUS2070 D080 Managing in a Global Business Environment Exam. Prepare using flashcards and multiple-choice questions with hints and explanations. Enhance your readiness for a global business environment.

Thomas Friedman’s view on globalization, particularly encapsulated in his book "The World is Flat," emphasizes how technology has significantly impacted the global economic landscape. He argues that advancements in communication, transportation, and information technology have leveled the competitive playing fields across nations. This flattening of the world facilitates the ability for individuals and businesses to interact, collaborate, and compete on a global scale, regardless of their physical location.

Friedman identifies that various factors, such as the rise of the internet and digital platforms, have made it easier for companies to operate internationally and for entrepreneurs to reach global markets. This interconnectedness fosters innovation and economic growth; however, it also presents challenges, including increased competition and the need for local businesses to adapt to these global changes.

Understanding Friedman's perspective helps illustrate the way globalization reshapes economies, industries, and cultures, making the concept of a flat world central to discussions about international business strategy and competitiveness.

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