| Globalization is the rapid increase in cross-border | | | | In 2008 the Internet is accessed by almost 22% of |
| economic, social, technological exchange under | | | | the world population; however this number is highly |
| conditions of capitalism. The term globalization did | | | | skewed towards particular countries and particular |
| come to the fore around the year 2000 and there | | | | socio-economic groups. The Internet is growing at a |
| was a lot of confusion during this period about what | | | | rapid rate all across the world, and will continue to do |
| ‘globalization' was and where it was leading us | | | | so for the foreseeable future. The rate that it |
| and who were the main instigators. When | | | | spreads into particular countries will have a big impact |
| Globalization policy surged all over the world | | | | on the future of those nations both socially and |
| ,commodity movements ,technological transfers, | | | | economically. |
| Service out sourcing increased day by day and | | | | The electronic market system offers valuable |
| makes the world as Global village even as street. | | | | information and supports services beyond the |
| Indeed, the concept "globalization" has raised many | | | | conventional face-to-face market system. The |
| questions, and pro and contra views. The classical | | | | innovation in the electronic market system revolts |
| liberals and traditional protectionist view globalization | | | | and drives not only conventional market, but also |
| as an unrealistic and even that has adverse effects | | | | third world countries' markets into a new era of |
| to the world economy, while the information | | | | competition. |
| technologist underlines globalization as inevitable for | | | | Global trade players has a innovative pitch in the |
| utilization of services. The explosive growth of the | | | | form of B2B portals to view the Buy offer and sell |
| Internet and the World Wide Web has been greater | | | | offer along with the Company's Profile and Product |
| significance as the world economy continues to | | | | details and also has facilty to access instantly by |
| globalize and integrate | | | | mere click to forward their inquiries B2B portal is a |
| The Internet is often described as an engine of | | | | set of web pages, where buyers and sellers come |
| globalization that knocks down borders and imposes | | | | together for a business activity. B2B Portals or World |
| market democracy on every nation through World | | | | trade directory are proving to be one-stop-solution |
| trade directory or B2B portals.. Developing countries | | | | provider for suppliers, manufacturers, exporters, |
| see the internet as an opportunity to gain access to | | | | importers and buyers. B2B Portal actually serves as a |
| knowledge and services from around the world in a | | | | platform for the wholesalers, distributors, |
| way that would have been unimaginable previously v | | | | manufacturers and retailers for carrying out their |
| The Internet is so big and all encompassing that it | | | | business via online. |
| does require this fairly abstract and vague definition. | | | | |