Discuss how the development of the Web and Internet has impacted global finances?

Influence of internet in music industry

The development of the web and internet has had a major impact on global finances due to its ability to connect various markets more quickly & efficiently than ever before. This has allowed for numerous opportunities in areas such as international trade, investment, capital flows & financial services etc., which have previously been difficult or impossible to access without significant overhead costs.

Furthermore, it has also enabled greater transparency & less friction when it comes to managing transactions – by reducing the need for manual processing (e.g., paper-based documents etc.) which can be time consuming and costly. Additionally, this new digital platform can provide real-time insights into market conditions – allowing traders/investors to make better decisions based on current trends rather than relying solely on historical data.

In addition, the rise of fintech firms such as robo-advisors & cryptocurrency exchanges etc., have further increased competition within financial services sector leading to lower fees/commissions and more specialized services available at consumer’s fingertips.

Overall, it is evident that the development of web and internet technologies have drastically changed global finance by providing unprecedented levels of connectivity & accessibility while also increasing competition amongst providers – resulting in lower costs & improved user experiences going forward.