Flat World
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ccording to Ghemawat, one cannot consider the world to be flat, in fact, only 10-25 percent of all economic activities are international or global while the remaining are regional, further, he affirms the failure of globalization theories in terms of geographical and cultural factors, if there is 1 percent raise in the geographic distance the trade between the two locations will diminish by 1 percent.... The book highlights the fact that there is a convergence of technology owing to globalization, facilitating China and India to emerge as a global supply chain in terms of manufacturing and services....