The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Early Liberal Edition

URL:  http://boards.fool.com/spquotno-its-just-common-sense-in-a-global-30663016.aspx

Subject:  Re: College degree value Date:  5/1/2013  8:02 PM
Author:  telegraph Number:  49264 of 73768

SP:"No. It's just common sense. In a global economy, with global communications and easy travel, the location of required knowledge and skills is not important. It can be tapped from anywhere and applied to problems anywhere. There have been a number of influential books written on this topic and considerable documentation of this fact."


Friedman wrote a book on this back in the 1990s or earlier called 'the World is Flat'

http://en.wikipedia.org/wiki/The_World_Is_Flat


In his book, The World is Flat, Friedman recounts a journey to Bangalore, India, when he realized globalization has changed core economic concepts.[1] In his opinion, this flattening is a product of a convergence of personal computer with fiber-optic micro cable with the rise of work flow software. He termed this period as Globalization 3.0, differentiating this period from the previous Globalization 1.0 (in which countries and governments were the main protagonists) and the Globalization 2.0 (in which multinational companies led the way in driving global integration).

Friedman recounts many examples of companies based in India and China that, by providing labor from typists and call center operators to accountants and computer programmers, have become integral parts of complex global supply chains for companies such as Dell, AOL, and Microsoft. Friedma