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April 06, 2005

Thomas Friedman Comments on Offshoring as the Future of Business

Renowned author Thomas Friedman has, this week, produced an eloquent article saying what many of us involved in outsourcing have known for years, international commerce and offshoring are changing the world in radically new ways.  This article tells of Friedman's experience in Bangalore, and of his personal revelation about the future of global business.  While the author touches upon some of the potential downsides of this shrinking globe, he also points to the potential for a more efficient and level global playing field.  The New York Times Reports:

Globalization 1.0 (1492 to 1800) shrank the world from a size large to a size medium, and the dynamic force in that era was countries globalizing for resources and imperial conquest. Globalization 2.0 (1800 to 2000) shrank the world from a size medium to a size small, and it was spearheaded by companies globalizing for markets and labor. Globalization 3.0 (which started around 2000) is shrinking the world from a size small to a size tiny and flattening the playing field at the same time.

Read More: It's a Flat World, After All

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