05.06.05
The world is flat
Check out this Wired article Why the World is Flat. Its an interview with Thomas L. Friedman, foreign affairs columnist for The New York Times and author of the new book The World Is Flat: A Brief History of the Twenty-First Century. His main point is that globalization is here and that the world is a very small place now.
In any market/industry with low geographical boundaries, a few small players can dominate the field because of the massive economies of scale. Competition is everywhere. No more big fish in a small pond… We are now small fish in a big pond. (except the rich and famous.. they are big fish in a big pond)