Globalization

Thomas L. Friedman, The Lexus and the Olive Tree

Globalization is not a trend or a fad. It is the international systems that replaced the Cold War system. It has its own rules, logic, pressures, and incentives that will, and do, affect everyone’s country, and everyone’s company, and everyone’s community, either directly or indirectly.

The simple definition of globalization is the interweaving of markets, technology, information systems and telecommunications systems in a way that is shrinking the world from a size medium to a size small, and enabling each of us to reach around the world farther, faster, deeper, and cheaper than ever before, and enabling the world to reach into each of us farther, faster, deeper, cheaper than ever before.

That’s what globalization is.

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