Erik Brynjolfsson, Andrew P. McAfee, Michael Spence
The article discusses the impacts that various technological advances have reportedly had on a unified global marketplace for labor and capital as of July 2014, focusing on the concept of a power law economy and computer company Apple Inc.'s iPhone smartphone product which was apparently designed in California and assembled in China. Market capitalization and a new world order are mentioned, along with an assessment of the relationship between technology and globalization. Factories in China's Guangdong province are also examined.
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