Moreover, business organizations have also made possible the exchange of cultures and ideas across the continents. At no other time in human history has the exchange of goods and ideas been more prevalent as it is today. The world had become "flat" in terms of how information is shared and received; how business and trade is done; and how people from different countries interact with each other. Science and technology has broken down walls and divisions that have kept many countries and people apart.
In the early days of globalization, people were afraid that it would usher in an era of unprecedented monopoly and control over the world economy by a few powerful, industrialized nations. After economic safety nets were put in place, it is now possible for small countries to gradually penetrate the market of the larger, more advanced nations. Through technology, smaller nations can now "play in the big leagues" that were traditionally dominated by the economic giants and superpowers.
In business, bountiful benefits are still being enjoyed by many companies as a result of technological research and innovation. For example, the Internet has made it possible to communicate with other people and companies across the oceans in real-time. It has enabled trouble-free communication during a business meeting or in the middle of a business production process. The Internet became an integral part of doing business, changing the way transactions are made between individuals and companies worldwide. The Internet has allowed business organizations to go beyond many boundaries in the way they communicate and conduct business.