Technology and global markets act in concert. Business markets are no longer confined within local, regional, or national borders.


Globalization is driven by the falling costs of doing business worldwide, including inexpensive, reliable communications technology.
 
Meetings are conducted by audio-video conference calls spanning many time zones and countries rather than by chats around a meeting table. Skype is an example of conferencing software.

Eliminating travel expenses from the corporate budget more than recovers the investment in communication technology.

Skype is short for
sky peer-to-peer.