Globalization

PGDAV COLLEGE TERM PAPER DEVELOPMENT THEORY AND EXPERIENCE TOPIC-GLOBALIZATION AND DEVELOPMET Globalization is the geographic distribution of industrial and service activities and the cross border networking of companies. It is an on-going process of great interdependence among countries and their citizens. Economic globalization is reflected in the increasing do of cross border carry on in goods and services, increasing book of international financial flows and increasing flows of labour. The motives for globalization include pass up labour costs and other favourable factor endowments oversea and the circumvention of remaining tariff and non-tariff barriers to address.

Globalization plays an important role in solving our biggest economic challenge which is want and sustained poverty reduction can be achieved only through economic growth which requires a policy framework that includes an orientation toward integration into the global economy. Origins of globalization-Globalization is not a relatively modern phenomenon, it is precisely an old book in a new cover. A form of globalization has been in existence since the rise of trade links between Sumer and the Indus Valley Civilization in the tertiary millennium B.C. but today we perceive globalization as primarily the industrialization of the 19th century and the eventual institutionalization after(prenominal) the world wars which marked the beginning of the modern era of globalization. Since the mid-19th century, at that place have been at least two ends of globalization. The first episode began around the mid-19th century and ended with the commencement of serviceman warfare I (WWI). The second episode began in the aftermath of World War II (WWII) and continues today. In both these episodes of globalization, rapid trade and output growth went... If you want to get a just essay, order it on our website: Orderessay

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