Question

Discuss the contribution of information communication technology to the third word countries development process in the context of globalisation

Answer 1

Explanation:

The development of global competitive structures implies both, a decreasing role of boundaries and an increasing density of global competition. This process causes a global “liquefaction” of competition with an increasing number of autonomous economic actors such as small and medium-sized enterprises (SMEs) or decentralized units of multinational enterprises (MNEs) that both co-operate and compete in the global context (Welge/Borghoff 2003). The unfolding network competition is marked by an increasing extension and density of economic interactions and interdependencies on a global scale.