The World Is Flat !, By Thomas L. Friedman

1524 Words7 Pages
When using Chanel’s cosmetics, when drinking Danone yogurt with breakfast, when driving Ford motor the way home, global brands which are highly visible symbol of the increasing integration of world market, could been discovered around everywhere. As Thomas L. Friedman (2005) states, ‘World is flat!’, which means world is being shrunk by the spreading of globalisation. Globalisation, a result of social development, can be described as the increase in cross-broader trade and influence on the economic and social behaviour of nation states (David Begg, 2003:272). This process has affected the world widely and deeply, principally in economics, industrial, technological, political and cultural aspects. Over the past decade, as the liberalization of national and openness of global markets, globalisation has benefitted the world significantly, such as income improved, increase of imports and exports, industrial development, thus, free flow of trade, capital and information have produced the best outcome for growth and human welfare. Therefore, it is little doubt that globalisation has positive impact on developed and developing countries. When it comes to China, ever since it formally joined WTO, great benefits has been gained from the international trade while a huge boost to the collaboration with other countries. The issue of globalisation in China, including demonstrating why globalisation is beneficial for China, the status quo situation of globalisation in China, and the
Open Document