Information technology has many globalizing effect that knocked down the barriers of region, religion, cultures and distance. Now, we are able to communicate 24*7 without regard to time zones. The developments in internet technology has made it easy to send or receive information and to communicate from anywhere at any time we want. Other than internet, some of the defining technologies of globalization are computerization, miniaturization, digitization and fiber optics. From a business prospective, market competition has been one of the significant forces of change in the last decade.
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