The World Is Flat Chapter 14 Summary

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The World is Flat Chapter 14 Summary

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When we look at the history of the known humanity, it appears that people started living in communities and that private property has emerged due to the progress of historical conditions. One of the consequences of this outcome is that world history is the scene of many wars and destruction. When it comes to war, it is armed struggles that take place between countries or political groups that come to mind first. Looking at this perspective, we see that the historical development process is also seen as the great majority of battles take place as physical battles, but it has become possible to say that, with great physical battles, technological and economic developments, sword-fighting and armed wars have begun to shift to economic and cultural wars. This new form of war has begun to take place on the stage of history on the basis of economic instruments. As an example of economic warfare, protectionism can be shown by countries in the direction of their own economic interests. It would not be wrong to say that the currency wars and the wars of trade that brought about by the protectionist policies of the countries, especially in the crisis period, will be the most important economic problem of our time. Throughout history, all wars have led to great destruction, and generally underdeveloped countries and poor countries have been affected by these destructions, and it is not wrong to say that the economic wars, as well as physical wars, will effect the least developed countries and the poor countries. In this analysis, in the light of the historical background of protectionism, a trade war and the possible consequences of this war, which could be caused by the mutually elevated trade walls of the US and China, were examined.

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Thomas Friedman's The World Is Flat: A Brief History of the Twenty-First Century has sold millions of copies and picked up numerous accolades. But his thesis has not gone uncontested, especially in academic circles. IESE Business School professor Pankaj Ghemawat has been a particularly vocal critic--coining the term "globaloney" to refer to the exaggerated perception that the world is flat. Who is right?

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This paper argues that the character of trade diplomacy in the 21st century, consisting of multiple actors interacting on multiple agendas in multiple arenas, is better framed by the post-globalist perspective. Contrary to statist narratives, governments have been compelled to “share their space” on trade governance with other actors such as civil society and economic agendas have gained as much importance as political issues. However, the globalist argument depicting the demise of the state is inconsistent with the prevailing situation characterised by governments being the sole legitimate signatories of international trade agreements as well as the principal authorities within the geographical delimitations of trade regimes.

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i want you to paraphrase this context in 3 hours. the work should be perfect. i will give more money if i liked the work after its done. the context is to write a report about a book. and here is the sample that i want you to paraphrase so we have new report: "Hu 1 Stanley Hu Dr. Dat-Dao Nguyen IS 431 20 April 2013 The World Is Flat The World Is Flat: A Brief History of the Twenty-First Century is an award winning book and international bestseller authored by The New York Times’ foreign affairs columnist and three times Pulitzer Prize winner Thomas L. Friedman. The World Is Flat analyzes the rapid technological advancement and globalization of the world in the early 21st century and describes the root drivers of this flattening effect as well as its ramifications on various entities ranging from entire countries, to corporations, and down to the individual. Friedman also offers solid advice for dealing with the ensuing flattening of the world. “Flat” in this book’s context refers to the progressively level playing field the world is experiencing of late when it comes to commerce and opportunities in the global market. The book is organized into several major sections. The first of which, titled “How the World Became Flat”, defines ten influencing factors of globalization, or “flatteners” as Friedman calls it, and explains a phenomenon known as convergence. These factors include both technological as well as business oriented drivers that are flattening the world as we speak. As its name suggests, the next section of the book, “America and the Flat World”, discusses the implications globalization have on Americans both now and in the near to distant future. The following sections, “Companies and the Flat World” and “You and the Flat World” tackles the many challenges that corporations and individuals must face in our modern globalized era respectively. This book is actually the third iteration of this title Friedman has published, hence being dubbed “Release 3.0”, which includes more content regarding education as well as two additional chapters that focus on political activism, social entrepreneurship, and managing reputations in our globalized world; topics that Friedman determined were lacking in his previous editions. Friedman presents many technologies driving the rapid flattening of the world. One of the first technology drivers he mentions is Netscape, released on August 9, 1995, and the web in general, which brought the internet to the masses. This is listed as the second of the Ten Forces that Friedman describes, also known as flattener #2. From then on, the internet became more of a public service than a communication medium for the tech savvy. With the internet came all the common protocols we see today, such as FTP, HTTP, HTML, SSL, SMTP, POP, and TCP/IP. Another important piece of technology that is helping globalization is the third of the Ten Forces: Work Flow Software or flattener #3. This refers to software that allows fo.

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10 Trade Deficits: Causes and Consequences David M. Gould Senior Economist and Policy Advisor Federal Reserve Bank of Dallas Roy J. Ruffin Research Associate Federal Reserve Bank of Dallas and M. D. Anderson Professor of Economics University of Houston For the most part, trade deficits or surpluses are merely a reflection of a country’s international borrowing or lending profile over time. …Neither one, by itself, is a better indicator of long-run economic growth than the other. On September 19, 1996, the Washington Post, Wall Street Journal, and New York Times reported trade figures released by the U.S. De- partment of Commerce showing that the monthly U.S. trade deficit increased by $3.5 billion in July 1996. Almost unanimously, analysts quoted in the articles stated that the recent trade figures showed weakness in the U.S. economy. The news was not earth shattering, nor was the interpretation of the increasing trade deficit con- troversial. The conventional wisdom is that the trade balance reflects a country’s competitive strength —the lower the trade deficit, the greater a country’s competitive strength and the higher its economic growth. But the conventional wisdom on trade balances stands in stark contrast to that of the economics profession in general. Standard economic thought typically regards trade deficits as the inevitable consequence of a country’s pref- erences regarding saving and the productivity of its new capital investments. Trade deficits are not necessarily seen as a cause for concern, nor are they seen as good predictors of a country’s future economic growth. For example, large trade deficits may signal higher rates of economic growth as countries import capital to expand productive capacity. However, they also may reflect a low level of savings and make countries more vulnerable to external economic shocks, such as dramatic reversals of capital inflows. Is the conventional wisdom wrong, or has the economics profession just failed to keep its theories well-grounded in fact? Certainly, anyone can create a theory about trade deficits and speculate about how they may, or may not, be related to a nation’s economic performance. The paramount question is not whether one can create a theory, but whether it is logically consistent and stands up to em- pirical observation. The purpose of this article is to answer the question of whether trade deficits, bilateral as well as overall, are related to a country’s economic performance. We begin by discussing the origin of popular views on trade deficits and compare these views with current economic thought on trade balances. Next, we discuss the relationship between international capital flows and trade balances and relate them to economic growth. We then empirically examine the relationship between trade deficits and long-run economic growth. The evolution of ideas about trade balances The mercantilists. Much of the current popular thinking on trade balance ...

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