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Globalization 3.0 (2000 to present) is shrinking the world from small to tiny, and is flattening the playing field at the same time (Friedman).
Globalization 1.0 and 2.0 were for the most part motivated by European and American companies and countries. However, Globalization 3.0 is motivated not only by individuals, but more diverse individuals. The benefit of a flattening world is that there is a connecting of knowledge, which leads to innovation from all areas--North, South, East, or West. With every benefit comes detriment; although this has caused a distraction it is not getting in the way of progress within many countries...
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