The Essence of Globalization

Book excerpt: Globalization has been a catalyst in making trade flow freely in the worldwide market. It has played a major role in enabling companies to spread their roots in many under-developed and developing countries. Globalization has facilitated the exchange of goods, services, knowledge, capital, services, and technology in this world. Thus, it is a very pivotal part of world economy today. Global trade policies effect the day-to-day working of many global, multinational and national companies. This book elucidates the concepts and innovative models around prospective developments with respect to globalization. It includes topics which deal with globalization and its effects on world trade. This textbook aims to serve as a resource guide for students and experts alike and contribute to the growth of the discipline.