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Significant challenges for developed economies

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Reference no: EM133187352

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. 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?

Reference no: EM133187352

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