Smart phones, e-mail, and videoconferencing have all but eliminated the need for international business travel.

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Frequent travel may still be needed because personal encounters are essential."There is no substitute for face time," says a BusinessWeek article.Yes, technologies such as smartphones, e-mail, and videoconferencing make it easier to connect with others, superficially at least."But," says an investment banker, "in a global world you have to get in front of your employees, spend time with your clients, and show commitment."

Smart Phones, E-Mail, and Videoconferencing Have All but Eliminated the Need