Published in 1997. Developments in information technology and telecommunications are giving new meaning to the concepts of space and time. In particular the concepts of "local" and "global" are starting to merge together even though they apparently represent entirely different scales. One example is "telework", also known as "telecommuting". Another is the rapid growth of outsourcing. These developments are based on new technologies such as multimedia, rapid improvements in storage technologies, and the information superhighway, including the Internet. The structure of the world's...