Anyone would think the kids of today had invented globalization.
All this talk of largely text-based communications mechanisms used in social networking and blogging gives the impression that the mechanisms we relied upon in the earlier days of computing – bulletin boards, Usenet News and so on – were in some way different.
Similarly, one could argue that software development activities are no more distributed than they were a decade or two ago – the larger multinationals and systems integrators have long been using the most appropriate resources for the job wherever they happened to be, bringing in third parties and subcontractors as needed.