Question: Remarkably, digital flows which were practically nonexistent just 1 5 years ago now exert a larger impact on GDP growth than the centuries - old
Remarkably, digital flowswhich were practically nonexistent just years agonow exert a larger impact on GDP growth than the centuriesold trade in goods according to info graphic below. This shift makes it possible for companies to reach international markets with less capitalintensive business models that exploit the progress of sophistication or social media platforms.
The world is more connected than ever, but the nature of its connections has changed in a fundamental way. The amount of crossborder bandwidth that is used has grown times larger since It is projected to increase by an additional nine times over the next five years as flows of information, searches, communication, video, transactions, and intracompany traffic continue to surge. In addition to transmitting valuable streams of information and ideas in their own right, data flows enable the movement of goods, services, finance, and people. Virtually every type of crossborder transaction now has a digital component.
Digital technologies are changing how business is done across borders, offering different types of firms different sort of options.
Based on information reported in the graphic below, please identify the correct associations.For
individuals, Large multinationals, SME's, startups
it enables them to attain truly global scale with new markets and suppliers.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
