What do you see as the current global trends and how do they affect companies operating in the global business environment? What are the recent developments affecting businesses and propelling globalization? What problems have arisen regarding the use of the Internet for global business transactions, and how are they being resolved?

Write the summary of following paragraph BACKGROUND The phenomenon of internet-based business is undeniably a trend that characterizes business activities in both developed and developing countries. New concepts have evolved as the advancement of information technology and new business paradigms is regarded as the key to success of companies in the information age and the future. Advances in technology, computers and telecommunications support the development of Internet technology. The use of the internet in business is changing from functionality as a tool for electronic information exchange into a tool for business strategy applications, such as: marketing, sales, and customer service. Internet marketing has penetrated obstacles, national boundaries, and without standard rules. While conventional marketing, goods flow in large parties, through seaports, containers, distributors, guarantee institutions, importers, and bank institutions. Conventional marketing is more involved than…

What efforts are made by investors in influencing the global economy?

Is there a commonality of the customer’s needs across countries?What will the product be used for and in what context?