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Causes of Globalization 3.0 by Mind Map: Causes of Globalization 3.0
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Causes of Globalization 3.0

End of the Cold War

Opened up all countries to the world to the global market and helped economies formally under soviet control become introduced to capitalism, which gives power to individuals to create their own businesses.

The main sign of the end of the Cold War was the fall of the Berlin wall in 1989.

Internet

Internet is a global system of interconnected computer networks that use the standard Internet Protocol Suite(TCP/IP) to serve billions of users worldwide.

The internet is a flattner because it was the first time you could communicate or share ideas with anyone, anywhere, anytime you wanted

Workflow Software

Workflow may be seen as any abstraction of real work, segregated in workshare, work split or other types of ordering.

Contributes to globalization 3.0 by making work easier to do and thus easierto outsource to other countries.

Uploading

Uploading transfers data or files from a peripheral or subordinate system to a larger or more central one; especially from a personal computer to an Internet server.

People can put there own content on the web, which leads to globalization by giving people the chance to shoiw their own ideas wtih anyone around the world.

Outsourcing

Outsourcing is when a company exports jobs to another country where it is cheaper to produce or do.

Outsourcing contributes to Globalization by connecting countries together via the countries they move to and from.

Offshoring

Offshoring simply means having the outsourced business functions done in another country. Frequently, work is offshored in order to reduce labor expenses

Offshoring is a leading cause of globalizion because it is sending jobs and things to be created abroad. then these items are sent back to the US thus globalization

Insourcing

Insourcing is the opposite of outsourcing, where as countries come in to America to hire porffesionals or train experts.

This contributes to globalization 3.0 by training more proffesionals that can contribute new things to the factors of globalization.

Supply Chaining

A system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer

Better supply chains lead to more effective world trade which equals bigger businesses around the world which equals globalization 3.0

Steroids

Are the wireless devices that give people access to things such as the internet, phone lines and news anywhere in the world at anytime.

These "steroids" help globalization 3.0 by leveling the playing field for all people by giving them the ability to put there content on the web anywhere, anytime, anyhow.

Informing

The ability to get information anywhere around the world, as fast as you want.

Leads to globalization by giving people any informatipon they want and making them savier to the world around them.