"Levelling the Playing Field" as devised and put together by Thomas Friedman in his book The World is Flat, in my opinion, is a wonderful thing. It creates room for innovations and opportunities that would not have existed had these flattening forces not come together.
A family friend of our's decided to branch out his business and started 'ProgressYou.com', a website that offers math education programs to interested students. He devised a knowledge based business , the instructors , mostly Indian(placed in India) , gear up late at night to start educating students in the US (there is a 10.5 hour time lag). Due to this setup, there is an advantage to students who can afford affordable tuition rates and there is an advantage to
the instructor as she gets paid for imparting knowledge in her spare time. This idea has created a lot of jobs...the instructor's, the marketer's( credited for the design of the website), the advertiser's who gain from advertising to the student crowd, and the American based software company's, whose software is used in the process.
the instructor as she gets paid for imparting knowledge in her spare time. This idea has created a lot of jobs...the instructor's, the marketer's( credited for the design of the website), the advertiser's who gain from advertising to the student crowd, and the American based software company's, whose software is used in the process.
In this era where the only thing that seems to be constant is change and the Globalized concept of free trade makes it possible for countries and businesses to co-dwell with each other by increasing the size of the economic pie, thus making it beneficial to all in the long run.What are your views on the concept of free trade, do you think that if easy access was not possible into new ventures between countries and businesses, we would be where we are now? Today's generation is totally dependant on economies of scale through trade in the free world...am I just being overly cautious about how I need to prepare for the new world or are my thoughts there already?