Week 7 - #3.docx - Study Questions 1 What does the term...

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Study Questions1. What does the term globalization mean?It menas countries coming together to form one big economy, making reading easier.2. How does Friedman define the three eras of globalization?He describes them as Globalization 1.0, Globalization 2.0, Globalization 3.0. Globalization 1.0 is the era from 1492 until about 1800. It was about how much wind power, horsepower and steam power a country had and how effectively it was deployed, this made the world from large to medium. Globalization 2.0 lasted from 1800 until 2000. In this era, the dynamic force driving change was multinational companies. The world changed from Medium to Small. Globalization 3.0 era started in 2000 is also the current era we live in, this era introduced internet connection along with personal computers, making individuals and small groups go global. This made the world go from Small to tiny.3. Which technologies have had the biggest effect on globalization?

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