New industries that are changing the world

Every era in human history has its own share of innovations, ranging from simple accomplishments to grand-scale achievements. In the world of economics, for example, a great deal of industries has boomed from one period to another, often giving birth to a whole new economic system that exudes impact on almost every aspect of man’s culture, corporate environment, and even personal behavior. At the turn of the 20^th century, and indeed in the 21^st, many new industries have emerged. Some of the most successful were/are:

Business Process Outsourcing. Globalization was the best side effect of capitalism. Alongside its emergence, many companies have also sought to outsource their operations to other countries where they find both the labor rate and talents more fit to their needs. Business Process Outsourcing or BPO is currently a multi-billion dollar industry, with the likes of India, the Philippines, South Africa, and China as the leading markets.

Online Gambling. What was once an exhausting and expensive industry is now a highly convenient, cost-effective business. Gambling can now be done with a mobile device and with online casinos spending less on their operational expenses, players are offered with much more lucrative bonus programs than they are not likely to get from a brick-and-mortar casino. Today, online gaming is one of the world’s fastest growing industries.

Social Media and Networking. The Internet is perhaps modern history’s most important invention. Aside from making searches and archiving unlimited data, the platform is also able to connect people through social media. Facebook, Twitter, Google Plus, and even older services like Friendster and MySpace have played a pivotal role in bridging the gap between cultures, in spreading important news at a timely manner, and disseminating previously unknown information for the benefit of the majority.

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