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Globalisation of the Digital Economy

Globalisation of the Digital Economy

Stephen M. Mutula
Copyright: © 2010 |Pages: 17
ISBN13: 9781605664200|ISBN10: 1605664200|ISBN13 Softcover: 9781616924676|EISBN13: 9781605664217
DOI: 10.4018/978-1-60566-420-0.ch016
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MLA

Stephen M. Mutula. "Globalisation of the Digital Economy." Digital Economies: SMEs and E-Readiness, IGI Global, 2010, pp.266-282. https://doi.org/10.4018/978-1-60566-420-0.ch016

APA

S. Mutula (2010). Globalisation of the Digital Economy. IGI Global. https://doi.org/10.4018/978-1-60566-420-0.ch016

Chicago

Stephen M. Mutula. "Globalisation of the Digital Economy." In Digital Economies: SMEs and E-Readiness. Hershey, PA: IGI Global, 2010. https://doi.org/10.4018/978-1-60566-420-0.ch016

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Abstract

Data transmitted over the Internet does not recognize national borders. It is this factor that has led information technology to open up new avenues in global commerce. People in separate countries can work on the same project without having to physically relocate. Organizations can now deploy their resources and operations anywhere around the world. Information about new products, corporate earnings, etc; can be shared simultaneously in a networked economy via corporate e-mail systems, value-added networks or over the Internet. In an increasingly globalized business world, for which the Internet is partly responsible, countries are likely to experience the migration of skilled workers to higher paying economies or jobs. Therefore, as the globalization of the world’s economy takes shape, concerted efforts must be made by national governments and states to train enough students and workers to meet the new challenges brought about by the digital economy (Selhofer, 2003).

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