chnologically advanced devices. Because labor is cheaper and the workers are more skilled in India, the company benefited in two ways. For the same reasons as in India, Thailand has moved from being primarily a rice-producing nation, to the world’s second largest producer of pickup - 3trucks and fourth largest producer of motorcycles (In Class Handouts).As far back as the invention of the telephone, the countries with the best economies were the most technologically advanced. The invention of the telephone by Alexander Graham Bell in 1876 allowed information to be sent around the world considerably more rapidly than ever before. Before the invention of the telephone, it might have taken days, weeks, or even months to courier documents around the world. Today, however, Selectronic, a company in Delhi, India takes doctors dictation from a toll-free number in the United States, transcribes the recordings, and sends the text back to a U.S. HMO (In Class Handouts). With the invention of the telephone and its spread to the world’s wealthier countries also came increased growth in the wealthier countries’ economies. The global marketplace is based on a winner take all system. The wealthy, “winning” companies and countries are able to sell their goods and services to a global market, while the “losing”, poorer countries and businesses are limited to their local markets. Massive global markets also create huge incentives for businesses and nations to market products internationally. The National Basketball - 4Association, for example, in 1998 sold more than five hundred million dollars in licensed merchandise worldwide. The NBA owes this huge source of income to advances in technology. Basketball organizations in other countries that cannot afford to market their organizations globally, however, are forced to sell licensed merchandise only in their countries, substantially lowering potential ...
