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The rise of technology has led to our environment being characterized as a global one. The global economy gave business the ability to market products and services all over the globe. It has also allowed them to develop partnerships and alliances throughout the world, which has become essential for success in today’s business, Management Information Systems. Prior to globalisation, the United States dominated the global economy. In recent years, however, the U.S. share of the global economy has shrunk to approximately 25 percent and will continue that trend as the economies of many newly industrialized countries continue to pick up steam. Globalisation is an umbrella term for a complex series of economic, social, technological, cultural and political changes seen as increasing interdependence, integration and interaction between people and companies in disparate locations. As a term, ‘globalisation’ has been used as early as 1944, but economists began applying it around 1981. Theodore Levitt is usually credited with its coining through the article he wrote in 1983 for the Harvard Business Review entitled Globalisation of Markets

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