Abstract
We are at a turning point in history, shaped by globalization, and the information and communication technology (ICT) revolution. This technological revolution has sparked and enabled a late twentieth and early twenty-first century wave of globalization—a deeper global integration that goes beyond the trade liberalization that enabled the first wave of globalization. ICT is enabling the creation and management of global networks, as ICT is used to coordinate production and services, expedite and monitor delivery, share ideas and information, and collaborate on design and research. As a general purpose technology (GPT), ICT has been transforming logistics, enabling global demand-driven supply chain management, transforming services and manufacturing, enabling the offshoring of production and outsourcing to suppliers in emerging markets, and diffusing innovations across all kinds of economic and social activities (Hanna 2009a, b). In turn, globalization is enabling the diffusion of ICT and associated innovations, at a faster pace than any GPT in history.
Published Version
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