What does the flat world mean?

The concept of a "flat world" refers to the idea that globalization has leveled the playing field in terms of economic and technological opportunities, allowing individuals and businesses from diverse backgrounds to compete on a more equal footing. Coined by Thomas Friedman in his book "The World is Flat," it suggests that advancements in technology, communication, and transportation have diminished traditional barriers, enabling collaboration and access to markets worldwide. This interconnectedness facilitates innovation and challenges established power dynamics, reshaping how we engage with the global economy.