Globalization is a "flat" and "connected" world where everyone is connected and "playing the field" is level for many more participants.
Outsourcing is when an organization acquires goods and/or sources from an outside source. The term off-shoring is sometimes used to describe outsourcing from another country.
Virtual Teams is a group of individuals who work across time and space using communication technologies. team members might all work for the same company in the same country, or they might include employees as well as independent consultants, suppliers, or even volunteers providing their expertise from around the globe.
These trends are changing the IT project management world because now project managers can hire outside the company and sometimes that works out for the better in regards to talent, scheduling, and meeting deadlines.