Causes and Consequences of Globalisation -Facebook

Introduction

The IT sector is arguably the most dynamic global industry branch of today (Dutta and Bilbao-Osorio, 2012). The market cycles of products have been decreased to a tenth of what they used to be, research and development are in much the same fashion, while the need for skilled IT experts in all fields has skyrocketed. IT has permeated just about every aspect of the everyday life, from common households, over offices, to public transport and infrastructure. Broadband internet is present in virtually every home, with the average link speed exceeding 5 Mbps in developed countries. Not owning a smartphone with a 24/7 internet connection is perceived as the equivalent of not having a watch, a wallet or an umbrella. Profit margins are...