Global Business 3rd Edition by Mike Peng

Exercise 9

ON CULTURE: Thomas Friedman, in his book The World is Flat (2005), suggests that the world is flattening-meaning that it is increasingly interconnected by new technology such as the Internet. This can raise the poor from poverty, nurture a worldwide middle class, and even spread democracy. On the other hand, this presents significant challenges for developed economies, whose employees may feel threatened by competition from low-cost countries. How does this flattening world affect you?