ivilization or Christianity, but the real objective, according to Thurow & Lessard (2002), was to exploit the untapped resources of poorer countries so the richer countries can enhance their wealth. Probably because of this striking resemblance between colonization and latter-day globalization, analysts saw globalization coming as early as the mid-19th century. One of them was Karl Marx, who perforce warned of dire consequences: “It will make the poor poorer because it will bring down wages, increase class and country inequality, create monopolistic companies with global dimension and create economic collapse in places characterized by social, economic and political instability (Mahdavi, 2004).” Marx in his Das Kapital even expressed fear of “religious terrorism” as a possible reaction to the concept of globalization. These are exactly the same social concerns that many are raising to intersperse with the chorus of praise for the otherwise welcome benefits of technology as represented in today’s world by computers and the Internet. The questions that this paper seeks to satisfy are: Has any of Marx’s predictions come true? While technology is generally viewed as a good thing, are there any downsides to the resulting globalization that fostered business outsourcing?
The information revolution as we know it traces its roots to the family computer that made video games possible. Then in mid-1970s, the electronic principle that made the family computer work was successfully expanded through a gadget that came to be known as personal computer. The personal computer with its subsequently developed Internet capability was soon hailed as a device that revolutionized information dissemination in a much bigger way than the telephone. Whereas the telephone established connection between only 2 or 3 nodes, the Internet allows simultaneous exchange of information in digital form among a limitless number of nodes. The economic impact of the