Impact on Income Globalization is Huge

With the rapid growth in economy, countries like South America, Asia, Europe, and Africa are undergoing huge economic development. It is expected to have a growth in this geographic region. Most of the cases companies seek out the low cost centers. In countries like Germany low cost areas are very near so it might take only an hour from the main city. These companies are also getting charitable help from “West”.

Almost every where you can see globalization. Even in service sectors like accounts and IT, traditional as well as protected service you will find globalization.

The jobs in service sectors are going to become less skilled, and the skilled service sector jobs will be outsourced. So maximum survivors will either move to other countries to exploit the differences, or they will take help to the internet in order to survive.