What are the main arguments in this reading

Assignment Help Econometrics
Reference no: EM13984743

Summaries are to be sent via email before the beginning of class and answer the following questions:

1. What are the main arguments (1 or 2) in this reading?

2. What evidence does the author provide to support his or her argument? (5 or 6 bullets)

3. What are the relative strengths and weaknesses of these arguments and supporting evidence compared to other readings this week or this term? (5 or 6 bullets)

4. What questions does this reading raise? (2 or 3)

5. Outline a study where you could follow up with this work or address shortcomings (1 or 2 lines).

Friedmann (2005) It's a Flat World, After All. NY Times. 3 April.

Main argument

• Technological innovations are leveling the world's economic playing field, whereby initial advantages by industrialized regions are being quickly and easily overcome.

Sub-arguments

• ...globalized supply chain being facilitated by broadband investments, cheaper computers, email software, search engines - compartmentalized production

• "...created a platform where intellectual work, intellectual capital, could be delivered from anywhere. It could be disaggregated, delivered, distributed, produced and put back together again"

• Globalization 1.0 Large to medium (1492-1800) - globalizing countries for resources and imperial conquest - European drivers

• Globalization 2.0 Medium to small (1800-2000) - globalizing companies for markets and labour --American and European drivers

• Globalization 3.0 - Small to tiny (2000-?) - globalizing individuals and small groups collaborating with others - driven by all colours of human rainbow

• "When the world is flat, you can innovate without having to emigrate. This is going to get interesting. We are about to see creative destruction on steroids."

• 10 events converging: 1. Berlin wall made us one; 2. Netscape made internet friendly; 3. Y2K (application-to-application); 4. Outsourcing; 5. Offshoring; 6. Open sourcing; 7. Insourcing (UPS logistics); 8. Supply-chaining (Walmart); 9. Informing (Google, unlimited data); 10. Steroids (wireless and VoIP). All 10 converged ca 2000 and allowed real time collaborations without regard to geography, distance or language.

• 1990s BRIC opened up economies, adopted new technos without sunken costs

• "That is what is going to happen to so many jobs -- they will go to that corner of the world where there is the least resistance and the most opportunity."

Questions

• Is Friedman's flat world populated by uniform nation-states? Are there no (widening) differences within industrialized and industrializing countries?

• What is the role of the state? Is the national government to be responsible for "Meeting the challenges of flatism requires as comprehensive, energetic and focused a response as did meeting the challenge of Communism." ? To whom is the challenge issued?

• ''Today, the most profound thing to me is the fact that a 14-year-old in Romania or Bangalore or the Soviet Union or Vietnam has all the information, all the tools, all the software easily available to apply knowledge however they want,'' said Marc Andreessen, a co-founder of Netscape. Is information the same as knowledge? (Information can be digitized and downloaded, but can knowledge acquired via practice and interaction as well?

Reference no: EM13984743

Questions Cloud

How many photons are required to increase the temperature : How many photons are required to increase the temperature of a 0.500 kg mass of Pasta Urone by 45.0oC, assuming a specific heat of 0.900 kcal/kg.oC? Neglect all other heat transfer.
Identity the consequences of a strong dollar : Can you identity the consequences of a strong dollar or a weak dollar in the United States Should the U.S. take measure to ensure that the dollar retains its dominant role in global economy.
What are transnational corporations : What are transnational corporations and how are they different from other business firms Why have the MNCs become more important in international political economy during the past three decades What kind of economic and political impacts do they have..
Explain the importance of completing child abuse assessment : Explain the importance of completing a child abuse assessment at the onset of mental health counseling as well as continuing to assess for this throughout the course of treatment
What are the main arguments in this reading : What are the relative strengths and weaknesses of these arguments and supporting evidence compared to other readings this week or this term? (5 or 6 bullets)
Research legal and ethical standards for child abuse : Research legal and ethical standards for child abuse reporting in your community. Provide a list of these standards and highlight the information that you feel is most useful to you as a burgeoning counselor
What is the structural adjustment program : What is the SAP (structural adjustment program) What are the IMF-imposed "conditionalities" Why did the IMF and World Bank imposed them upon Third Worldcountries during both their debt crises and financial crises
Compare overt and covert acts of sexual exploitation : Compare and contrast overt and covert acts of sexual exploitation. Is one easier to identify or address through professional counseling than the other? Defend your rationale
Asian financial crises and argentine financial crisis : What is currency crisis (or financial crisis) What are the major stages of a financial bubble Use one example (Mexican peso crisis. Asian financial crises. Argentine financial crisis, or 2008 financial crisis) to illustrate these stages.

Reviews

Write a Review

Econometrics Questions & Answers

  How much of a change in gdp will result if firms increases

What will the multiplier be given the MPS values below  MPS Multiplier 0 undefined 0.4 0.5 1.0 What will the multiplier be given the MPC values below MPC Multiplier 1.0 undefined 0.9 0.75 0.5 0.0 Instructions: For the questions below enter only whole..

  What is the optimal input bundle and cost of producing

A U.S. firm is considering moving its production to Mexico. Its estimated production function is q = L 0.5 K 0.5 .  The U.S. factor prices are w = r = 10.  The Mexican factor prices are w* = 5, r* = 10.  What is the optimal input bundle ( L,K..

  Find the optimal contract length

Suppose the marginal benefit of writing a contract is $100, independent of its length. Find the optimal contract length when the marginal cost of writing a contract of length L is: a. MC(L) = 30 + 4L. b. MC(L) = 40 + 5L.

  What is the future worth of the investment

The companies expect to invest $120 million upfront to set up the new unit. HoosierMaker expects to garner revenue of $9.5 million each year and spend $1.3 million a year in costs, over the next 7 years. What is the future worth of this investment..

  What are the marginal revenue and marginal cost functions

Suppose you are a monopolist operating two plants at different locations. Both plants produce the same product; Q1 is the quantity produced at plant 1 and Q2 is the quantity produced at plant2.

  What is the current macroeconomic situation in the us

What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time Can I please have ..

  Which theory is more appropriate for the economy today

Explain the viewpoints of classical and Keynesian economists.

  Determine the value of the loan if the nominal rate given

monthly payments on a loan is $1000 for the next 10 years. Determine the value of the loan if the nominal rate 6% compounded monthly. if we want to pay the loan in 50 months what is the monthly payment

  What is the market price and quantity in the short-run

In a competitive market, all firms have cost-functions C(y) = y^2 + y + 4. The market demand function is Q = 112-2p. Initially there are 40 firms. (a) What is the market supply function (b) What is the market price and quantity in the short-run

  Describe whether to rent one centerly located facility

Blair has decided to manufacture the sub assemblies within the company and must now consider whether to rent one centerly located facility or to rent three separate facilities, each located near one of the assembly plants.

  Determine the averages per worker per week

The human resource manager of the XYZ Company makes the followingclaim: "Our workers make an average of $500 per week. Weproduce $8000 worth of output each week using only 10 workers.

  Which system is expected to generate positive cash flows

The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $150,000 in year three, and $180,000 in year four. Rent-to-Own's required rate of return is 8%.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd