How does ICT Development effect International Business?

Question

i would like to know how Ict Development effects international business?

Answer 1

Information and Communications Technology?
Deeper than everything else.

You are talking about faster and more secure ways to do financial transactions. Reportings and strategical information can arrive faster and with more precision.

You are atalking about people in Argentina buying books in Indonesia using its Credit Card.

You are talking about standard communications technologies, where is possible to offer same services overseas without new research.

We are based on a era of information. Every business in half wolrd are linked to IT systems and using somekind of communication service. IT provide operational services (accounting), strategical (measuring provisional activities using high level mathematics) and wired (anytime anywhere).

Boundries are limited by geography but in virtual world you do not have these boudries, only few seconds. You can sell products ans services. Huge companies are doing outsorce in countries like Tunisia and India. instead to have 10 IT centers and 200 people doing the same thing, you have only one Big IT center with 120 people working on it. You It center of Europe, EMEA countries.
ICT is reducing operational costs and increasing feseability of each business doing not local, but global analysis.

ICT development also means products like games (Halo, PS2) and Software (Windows) not in local scale and not with tax boudries like you can find in Steel or sugar. Once developed, money flows without limits. You will not find someone forbbiding import of SW like you see in steel, sugar and airplanes.

Hig management are also under a massive qtd of information. All global and requiring more global and cultural understanding vision.

These are vies. You can classify it as:
1. Information flow
2. Outsorcing
3. Portable companies
4. Products and Services
5. Cultural impact
6. International finance / Stock Market

Answer 2

Now the other guy's answer is really, really great.