Down on the Farm One contributing factor and consequence of these developments is the globalization of business.
Globalization enjoys a symbiotic relationship with the Internet economy.
The PRC alone has reportedly laid more than 8,000km of fiber cable connecting its 17 largest cities. On the down side, its fractious government announced it would create its own version of the Internet, presumably uncorrupted by Western consumerism or notions of democracy. There are widely divergent traditions for doing business, especially with respect to the issue of ownership versus outsourcing. Sole-sourcing is still the preferred modality for IT services. Globalization is no longer a one-way street with U.S. and European companies offering the only choices.