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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

internet

The emergence of the Internet as a tool of low-cost global connectivity and the World Wide Web was a seemingly virtual realm where individuals could post their digital content for everyone else to access. The spread of the comercial Web browser, which could retrieve docutments or Web page in such a simple manner that everyone would want to use it. This sudden revolution in connectivity constituted a majror flattening force.The internet is a flattner that also enables others flattners, such as uploading, workflow, software, and global supply chains.

URL-Uniform Resource Locator (URL) is a subset of the Uniform Resource Identifier (URI) that specifies where an identified resource is available and the mechanism for retrieving it

Email-Sending messages using a computer or electronic device. You can send email in across a local area network or via the Internet.

Netscape-Netscape's hugely successful IPO is widely held to be the beginning of the 1990s Internet boom.

insourcing

When compianes take on another role in the us.

GDP - Gross Domestic Product - How much actual buying and selling the world does in one year.

UPS - United parcel service - Main example of insourcing.

Wikipedia

steroids

Cell phones let people acess the internet from anywhere on the globe. They can also be computers and internet sources that are connected to these sources as in cell phones, lab tops,and pda's.

iPod/iphone - a pocket-sized device used to play music files, videos, holds pictures, games, alarms, clock, and phone

PDA- (Personal digital assistant)- is a mobile device, also known as a palmtop computer. PDAs are used to organize a person's life.

Links- outsourcing, informing, offshoring, and internet.

offshoring

when companies send there whole company to a differnet country because there is cheaper labor.

World Trade Orginization-an international organization based in Geneva that monitors and enforces rules governing global trade

low-wage Jobs that do not pay very well

privatization-If a company, industry, or service that is owned by the state is privatized, the government sells it and makes it a private company

Cold War

This opened peoples ecomony to capitalism instead of commusim.

Capitalism- an economic system based on private ownership of capital

Communism- a form of socialism abolishing private ownership

Berlin Wall-a concrete barrier built by the German Democratic Republic (GDR, East Germany) that completely enclosed the city of West Berlin, separating it from East Germany, including East Berlin.

Uploading

can refer to the sending of data from a local system to a remote system such as a server or another client with the intent that the remote system should store a copy of the data being transferred, or the initiation of such a process. The words first came into popular usage among computer users with the increased popularity of blogs and buliten board systems.

Upload:- To transfer a file from your computer system to another system via a modem over telephone or cable lines or a telnet connection using a transfer protocol like xmodem, ymodem, zmodem, or Kermit.

Download:- To transfer a file from another system to your own computer system via a modem over telephone or cable lines or a telnet connection using a transfer protocol like xmodem, ymodem, zmodem, or Kermit. Less precisely

E- commerce Abbreviation for electronic commerce. A way of doing real-time business transactions via telecommunications networks, when the customer and the merchant are in different geographical places

Informing

In-Forming- To impart information to; make aware of something

Web search engine- designed to search infomation on the world wide web.

google - a popular search engine, is a tool for finding resources on the World Wide Web. Google scans web pages to find instances of the keywords you have entered in the search box.

Fiber Optics- a method of transmitting information from one place to another by sending pulses of light through an optical fiber.

Outsourcing

A massive world flattener occured from a relationship between two countries; America and India. The PC, the internet, and fiber-optic cable formed outsourcing. Business operations and various works of information can be outsourced anywhere in the world. Key Terms:

Fiber-optic communication A method for transmitting information from one place to another.

Y2K Year of 2000, people feared the computers crashing and we started outsourcing to solve the problem.

India IT Outsourcing Companies such as Microsoft, Pepsi, and Walmart are beneficiaries.

Workflow software

The flattening world allowed for people to be able to communicate from differnet parts of the world through techology advancements

STMP: is a internet standard for electronic mail transmission across the IP networks.

SOAP:is a protocol specification for exchanging structured information.

Work Flow software controbuted to globalization by connecting Internet to email. This makes it so people can talk with people in different places.

Supply-chaining

A supply chain is the system of organizations, people, technology, activities, information and resources involved in moving a product or service.

Wal- Mart- The largest retail company to ever have a supply chain buying products from seperate countries and being able to ship it into America, transported across the nation and into the nearest branch, while being able to order more shipments in.

Postponement- A way for companies to postpone adding value to their products untill the last possible minute.

Global Optimization- A way for companies to look for the cheapest possible way to ship goods.