The Motley Fool Discussion Boards
Retirement Discussions / Retire Early Liberal Edition
|Subject: Re: College degree value||Date: 5/1/2013 8:02 PM|
|Author: telegraph||Number: 49264 of 101977|
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'
In his book, The World is Flat, Friedman recounts a journey to Bangalore, India, when he realized globalization has changed core economic concepts. 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. Friedman's Dell Theory of Conflict Prevention is discussed in the book's penultimate chapter.
Friedman repeatedly uses lists as an organizational device to communicate key concepts, usually numbered, and often with a provocative label. Two example lists are the ten forces that flattened the world, and three points of convergence.
I just read it about a year ago.
Mostly right on....but now even 'low cost' places like China are seeing jobs move to Vietnam and Malaysia for even lower cost wages.......... since China has a labor shortage and increasing wages......those jobs that went to China can just as easily now be moved elsewhere....
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|