AFM333 Chapter Notes - Chapter 1: General Agreement On Tariffs And Trade, Economic Liberalization, Dot-Com Bubble

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM333
• Professor: Seth Brouwers

Document Summary

The drivers of globalization: gatt and wto, general agreement on trades and tariffs (gatt) Lasting and accelerating impact on the adoption of the internet: new market participants were connected via the internet structure, participate as consumers or workers, traditional geographic boundaries became less relevant, new business models, digitized product and service offerings. Increased speed of physical distribution: globalization 3. 0 - 2000 to present, technology. Individuals connect virtually and instantly: no barriers of time or distance. Flatteners: pc, users create their own content, browser, brought the internet to life, websites, tool of connectivity, dot-com boom. Investment of trillion into fiber optic cable: wire the world, people can send their content to anyone in the world for free, tcp, people can collaborate on digital content. Globalization"s impact on business: disruptive business models, call centers, majority of customer support lines operate in india. Large, well educated english speaking population working at lower wages.