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Labor Econ
Friedman flatteners
10
Economics
Undergraduate 4
11/09/2008

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Term
Flattener 1. Collapse of the Berlin Wall
Definition
The event not only symbolized the end of the Cold war, it allowed people from other side of the wall to join the economic mainstream.
Term
Flattener 2. Netscape
Definition
  broadened the audience for the Internet from its roots as a communications medium to something that made the Internet accessible to everyone 
Term
Flattener 3. Workflow Software
Definition
The ability of machines to talk to other machines with no humans involved. Friedman believes these first three forces have become a "crude foundation of a whole new global platform for collaboration."
Term
Flattener 4. Open Sourcing
Definition
Communities uploading and collaborating on online projects. Examples include open source software, blogs, and Wikipedia. Friedman considers the phenomenon "the most disruptive force of all."
Term
Flattener 5. Outsourcing
Definition
Friedman argues that outsourcing has allowed companies to split service and manufacturing activities into components which can be subcontracted and performed in the most efficient, cost-effective way.
Term
Flattener 6. Offshoring
Definition
The internal relocation of a company's manufacturing or other processes to a foreign land in order to take advantage of less costly operations there.
Term
Flattener 7. Supply Chaining
Definition
Friedman compares the modern retail supply chain to a river, and points to Wal-Mart as the best example of a company using technology to streamline item sales, distribution, and shipping.
Term
Flattener 8. Insourcing
Definition
Friedman uses UPS as a prime example for _______, in which the company's employees perform services--beyond shipping--for another company. For example, UPS repairs Toshiba computers on behalf of Toshiba. The work is done at the UPS hub, by UPS employees.
Term
Flattener 9. In-forming
Definition
Google and other search engines are the prime example. "Never before in the history of the planet have so many people-on their own-had the ability to find so much information about so many things and about so many other people", writes Friedman. The growth of search engines is tremendous; for example take Google, in which Friedman states that it is "now processing roughly one billion searches per day, up from 150 million just three years ago".
Term
Flattener 10. The Steroids
Definition
Personal digital devices like mobile phones, iPods, personal digital assistants, instant messaging, and voice over Internet Protocol
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