The global economy is not only expanding in size and extent, it is also changing. For example, new services are appearing within the tertiary and quaternary sectors. Advances in technology are creating new branches of manufacturing, most notably the high-tech industries. Modern communications are leading to new ways of working and new work locations. Teleworking and outsourcing are two such examples. However no less significant is that established branches of manufacturing are shifting their locations. Basically from HIC's to MIC's and LIC's
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