We can trace out the sources of the additional demand in terms of the three overlapping phases of the resources boom as follows: (i)  During the first phase – the boom in the terms of trade – we see a price effect. Higher commodity prices lead to more export revenue.
Routine back office accounting work such as handling accounts receivable is also shifting overseas and becoming centralized for global corporations. Many types of routine programming can be carried out around the clock, handed off from time zone to time zone by e-mail.