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Globalization 3.0 causes by Mind Map: Globalization 3.0 causes
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Globalization 3.0 causes

End of Cold War

Fall of Berlin Wall 7/9/89

Opened economies

Allowed spread of Democracy/Capitalism

Informing

give information/make people aware of something

search engines allow people to look up any information they want to know

Google

Yahoo

Bing

MSN

Takes away privacy

People can look up your address and information

Steroids

Things that boost the other flattners

Cell phones, Allow people to send pictures from anywhere to anywhere, Let people micro-blog, Twitter, Allow people to communicate from anywhere.

Laptops, Allow you to access the internet wherever there is internet (Wifi), Allows you to use things such as Skype and Facebook

Outsourcing

A business can send what it needs done to another business, which can get things done faster and cheaper.

Both creates and gets rid of jobs

ex. When Madison outsources its busing, the (then) current drivers lost their jobs, but other people in Madison were given the new busing jobs.

Makes a better use of resources

commonly use for technology related tasks

Offshoring

having outsourced business done in another country (ex. India or China)

Flattens the world because things are sent overseas and then sent back again.

allow businesses to enter new markets

Reasons

Less restrictions on labor

lower/no minimum wage

larger labor force

The Internet

Connects people in ways they could not before

enables other flattners

Allows people to connect, talk, and share ideas, pictures, ect. in real time.

Workflow Software

allows computers to work together

makes the flow of work faster and less complicated

Uploading

Allows people to share anything with anyone.

Gives people the ability to share their opinions with many people.

Allows people to wire money and pay bills from their home.

Suppy Chaining

a system of organizations, people, activities, resources, and technology that are involved in moving a product from one place to another

The way stores sell goods in an organized manner.

Walmart

Lowes costs and allows more choices

Insourcing

companies train employees already in a company to do different tasks

ex. UPS