Question

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

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 .