FInternet
allows large and even very small businesses to function in the international marketplace.
FExample:
Amazon.com
–Bookselling
was basically a local business until 18 months ago
–Now
Amazon.com and others have radically changed the picture
–Amazon.com is
the world’s largest bookstore, a virtual bookstore with over 2.5 million titles, selling all over the
world
–2 years ago, somebody in Urguay or Karachi or Palermo wanting a special book had to place a special order, probably wait
for it for 6 weeks and
pay at least 3 times the New York street price.
–Now the same person can order the same book from Amazon.com via Internet and get it in 2-4 days at New York street
prices, even paying for
shipping.
FSuddenly, the world has got a lot smaller
as far as buying books is concerned