Globalization has been a critical factor in the emerging digital economy. Through
the dynamics of globalisation, both large and small-sized enterprises are leveraging
ICT to extend their market reach in international business environments. The Internet
has increased business’ trans-border data flow by facilitating access to market intelligence
(knowledge spreads very quickly through the Internet) while also offering
lower prices for transacting business. Multinational companies, and increasingly
SMEs, can now deploy and mobilise resources and operations globally by using the
Internet and related ICTs. With the increasing globalisation of business enterprises
and the movement of human capital across borders, it is now possible for SMEs to
successfully compete in global markets. These developments are making the rapid
spread of e-commerce possible.