Globalization and Trade

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.