Question

How does the Internet affect international business activity and the globalization of the world economy?

How does the Internet affect international business activity and the globalization of the world economy?

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Answer #1

Internet can be called the basic unit of inter linkage in today's modern world . Trade and commerce has increased manifold after this invention . Starting from advertisements , outsourcing , transactions , money transfers etc internet facilitates international trade in every way possible . We cannot image a world without internet today . Small business firms who never could possibly expand on an international basis are now having a huge consumer base in international market due to internet . Internet has also merged economies through outsourcing .  It provides information to facilitate delivery of goods and services and supports change initiatives and reinforce business process innovations .

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