Small And Smaller

1. Globalization 1.0 occurred between the late 19th century and World War I. It was caused by the decreasing price of transportation.
2. Globalization 2.0 occurred between the 1980s and the year 2000. This particular phase was caused by decreasing prices of both telecommunication and the personal computer.
3. Globalization 3.0, according to Friedman, was still occurring as he wrote "Small and Smaller" (and it presumably began in the year 2000). This phase was being caused firstly by large-scale deployment of optical fiber under the oceans, and other bandwidth-increasing technology or technologies, secondly by the proliferation of personal computers around the world, and thirdly by a variety of computer programs that had combined "to create global 'work-flow platforms'".

References

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