Add to ORKGGlobalization is one of the defining features of the contemporary world, but there is considerable controversy regarding its nature, impact, and future trends. Globalization has resulted in rapidly growing international flows of import and export goods, capital and direct invenstments. The services sector nowadays has expanded in scope beyond thetraditional activities in finance, transport, travel and telecommunication and audio-visual services to a host of professional services such as software and information services, engineering and legal services, e-commerce and other internet-based service offerings. After post second world war period, this growth of services have shown a dramatic increase in most of the developed countries of the wor...