In the last 30 years, IT has singlehandedly enabled the significant increase in globalization. Since the early 1990s, there have been numerous improvements in computer hardware, software as well as telecommunications, which have given rise to widespread improvements in accessing information and building economic potential. These advancements have contributed to gains resulting from efficiency in every sector of the economy. Information technology provides the necessary communication network that is responsible for facilitating the expansion of resources, products and ideas amongst persons of different locations all over the world. Globalization has enabled the creation of an enhanced level playing field. Through this, individuals, corporations, processes and ideas can compete, and this has been made possible by Information Technology. Recent advancements in the ability to process information or communicate digitally, better known as IT Revolution, are playing a huge role in restructuring the economies as well as the social lives of countless states all over the world (Globalization101.org).