In 1965, IBM had 2,500 competitors worldwide. In 1992, it had 50,000. Unemployment is at an historic low of 4.2 percent, but employment with large American corporations has dropped by more than 3.6 percent. In 1982, for example, only 13 people could claim to be billionaires. In 1997, that figure skyrocketed to 200 and has more than doubled since then, Cassidy added.
Globalization is the cornerstone of the technological revolution.
It's also defined by deregulation and free communication with people all over the country and the world. It has huge ramifications for society and culture. The decision to participate in this new economy is not ours to make. The liberal arts graduate is aware of the community context in which business is conducted. If corporations think only in short-term goals of profit and loss, they won't survive.