Service sector and globalisation

The major risk in the globalized world is country risk, arising out of intrusion and investment in alien environments characterized by political, financial and economic uncertainties in addition to transfer risk, which arises owing to transfer products and processes in the event of liberalized factor mobility. The already widening global inequality will be further fuelled by educational inequality in appropriating opportunities. Bad governance itself will be a risk adjoined with governance inseparability risk associated with inefficient changing transactions. Country risks resulting in income disparities reduce overall welfare, at the same time increasing inequality. The emergence of regional blocs in trade and culture and the anti-globalization movements caricaturing neo protectionism by more developed groups and the plight of less developed classes and regions in an eye-opener in decentralized globalizm.