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It has critically evaluated that with the emergence of globalization the competition among the
market has become aggressive. Thus the survival of the companies become more difficult in the
local market. It has been said that globalization assists in transferring the goods, services as well
as capital from one country to another (Bergh and Nilsson, 2010). Because of rapid flow of
products across the boundaries there has been increasing inequality within the income across the
regions as well as between the individuals of different countries. The new changes in the
economic environment has resulted in bringing far reaching issues in the well being of the people
in all the regions and specifically in all the income groups.
Globalization has brought an increased in inequality rate with respect to distribution of
income. Such has took place in both developing as well as developed nations. It has been
analyzed that in most of the countries the growth has slower down and there is rise in inequality.
This is due to the globalization that has adverse impact on the wage distribution among the
Cuyvers, L., and et.al., (2011). The labour market consequences of globalisation and
regionalization. International Journal of Manpower. 32(3). pp.252256.
Dickson, T., (2009). Knowledge transfer and the globalisation of higher education. Journal of
Knowledge-based Innovation in China. 1(3). pp.174-184.
Guscina, A., (2006). Effects of globalization on labor's share in national income. International
Monetary Fund.
Hartungi, R., (2006). Could developing countries take the benefit of globalisation?. International
Journal of Social Economics. 33(11). pp.728743.
Hurn, J. B., (2013). Response of managers to the challenges of globalization. Industrial and
Commercial Training. 45(6). pp. 336342.
Kotabe and et.al., (2008). International Marketing : An Asia Pacific Focus. John Wiley & Sons.
Lehner, D. and Wurzenberger, J., (2013). Global Education an educational perspective to cope
with globalisation?. Campus-Wide Information Systems. 30(5). pp.358368.
Too, L. and et.al., (2010). Globalisation and corporate real estate strategies. Journal of Corporate
Real Estate. 12(4). pp.234248.
Wade, R. H., (2004). Is globalization reducing poverty and inequality?. World Development.
32(4). pp.567-589.
Wan, G., Lu, M. and Chen, Z., (2007). Globalization and regional income inequality: empirical
evidence from within China. Review of Income and Wealth. 53(1). pp.35-59.