Multinational Small Business (1993)

Nick Szabo argues that multinational business will shift from being dominated by large corporations to including a wide range of small businesses, possibly through a rapid "phase change" as telecom and transport costs fall. He names barriers including legal jurisdictional complexity, language and culture, telecom costs and transport costs. He says technologies of jurisdictional independence, such as strong encryption, digital cash and proxy servers, could let small businesses cut through that complexity. He also estimates that government intervention costs the global economy over $3 trillion U.S. dollars annually.