The International Business Revolution

During the late twentieth century economists, political scientists, and historians noticed an interesting Economic trend, which the world has never experienced before. American, Western European, and East Asian businesses and corporations began to outsource much of their labor and manufacturing jobs to other developing some countries. These nations, which are now great centers of manufacture in the world’s increasingly global economy include, China; Cambodia; Vietnam; the Philippines; India, and many others. Although this trend began very slowly during the latter decades of the twentieth century, the development of fourth-generation technology and communication devices, which occurred in the early 2000s has greatly assisted other countries In economically capitalizing on the enormous amount of wealth generated by these economic developments.

