1. Globalization
... L. Friedman explains it in the first chapter of his renowned book. By this he only means that "globalization" is the spreading of free-market capitalism in virtually every country in the world with its own set of economic rules. It is the new world order following the ... in the collection of trend in innovations and new technologies, like the world-wide web, satellite communication systems, miniaturization, digitization and the like. Before the great fall of the Berlin Wall, the entire world was divided according to the Cold War's perspective. The western camp (US and its ... the comm...
- Word Count: 614
- Approx Pages: 2