Prior to the emergence of the Internet, business had to be facillitated over the phone, postal mail and in-person meetings but, now the Internet is well established and has grown and cultivated the development of many tools that have made communicating, networking, learning and doing business in general far easier than it was for the prior generation of entrepreneurs.

Before there was the Internet business people had to network by traveling to conferences or by a chance encounter in their day to day lives. Now there are tons of ways to network with people around the World without leaving your desk. In fact, there are even social networks who’s primary goal is to help people network like LinkedIN and many people have begun to use Facebook to achieve this goal now as well. These networks not only let people meet other professionals but, also let them have discussions and develop business relationships no matter where in they are in the World!

Communication used to only be done by phone calls, postal mail and in person meetings which made business slow and collaboration difficult. But now because of Internet communication and collaboration are much simpler and almost instantaneous! This because of the creation of services like E-Mail, Instant messaging, and many web tools like Basecamp that let people collaborate over the Internet.

The Internet also allows people to research and learn about business and learn all they need to know without having to read books that are outdated. It also let’s people help each other over forums and other networks to share ideas and advice.

Most importantly, the Internet allows people to do business over the internet and has spawned a whole new generation of businesses. With the Internet you can buy and sell products and services without having to operate a brick and morter store! It also has developed and entire new industry of products and services which has cause many new people to become entrepreneurs and develop their own businesses.

The Internet has greatly accellerated the Global economy and I believe that it will continue in the future and will be a great help to get us out of the current economic recession and make the global economy even stronger than ever.