The modern world is said to be “shrinking” or “flattening” through the process of globalization. What do you think this means? I
n a short essay, explain how the world is “shrinking” or “flattening”. Also in the short essay you must cite one specific example of how the world is “shrinking” because of globalization.
Globalisation makes the world shrink and flatten it in all sectors.
<u>Explanation</u>:
In the ancient and medival world, only labours were allowed to travel between the countries. IT revolution paves its way for the jobs to be exchanged between the countries and it leads to service growth in the developing countries.
After social media's tremendous growth, information gets transferred easily through various social media platforms. Knowledge and technology transfer between the countries generates more employment even in the under developed areas. India gained a generous amount of software and BPO jobs from the developed countries to increase their GDP since 1990s.
