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Chapter: 10th Social Science : Economics : Chapter 2 : Globalization and Trade

Globalization and Trade

Globalization is the integration of a country with the world economy. Basically, globalization signifies a process of internationalization plus liberalization.

Globalization and Trade


Learning Objectives

• To know the meaning and history of globalization

• To know the trade and traders in South India historical perspective

• To know the evolution of growth of MNC

• To know the fair trade practices and WTO

• To understand the impact and challenges of globalization

 

Introduction

Liberalization, Privatization and Globalization (LPG) have become a much talked of subjects among politicians, economists and businessmen in modern days.

 

Globalization

Globalization is the integration of a country with the world economy. Basically, globalization signifies a process of internationalization plus liberalization.




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10th Social Science : Economics : Chapter 2 : Globalization and Trade : Globalization and Trade | Economics


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