The development of the internet has had immense impacts on international marketing activities, and how businesses operate in the global marketplace. There are several ways through which internet has changed the ways businesses operate in the global market, and they include:Global wage arbitrage is an economic phenomenon which comes as a result of the disintegration or the removal of barriers of trade. Development of the internet has had negative impacts on global wage arbitrage. Internet eliminates barriers of trade like cost of transporting goods and tariffs. The access to intent has enabled business across the globe to reduce any unnecessary boundary which comes about due to geographical border collaborations. With the use of the internet, sellers and buyers across the globe are in a position of doing business in a more favorable way which is free from tariffs and all other barriers of trade. Internet has also enabled a wide variety of diversity where viewpoints and ideas are shared hence improving market products and services. Therefore, with internet the market place across the globe is flattened in terms of barriers of trade which includes global wage arbitrage.
Impacts Of Internet On Global Business Operation
Posted by Peter Mutiso