The connectivity of Globalization 1.0 occurred via ships and eventually railroads and motor vehicles. Today, these transportation systems are far more advanced – Globalization 2.0 is augmented by the Internet and its enhancement of global supply chains.
Source: World Economic Forum
Practices in modern cross-boundary/country trade have remained relatively static for the past 150 years. The only widespread implementation of technology to facilitate trade has been the advent of phone, fax, and since 2002 EDI – Electronic Data Interchange.
As global economies have matured, key “centers of excellence” have emerged worldwide.