Introduction to Globalization

The worldwide interaction and integration of people, companies and governments is known as globalization. It is an economic process which has cultural and social aspects. The advances in transportation and communication technology are generally cited as the reasons for the growth of globalization. There are four fundamental facets of globalization - trade and enterprise, capital and investment movements, migration and displacement of people, and propagation of knowledge. Academically, globalization is subdivided into three main fields- cultural globalization, economic globalization and political globalization. Variables such as trade, foreign direct investment, gross domestic product and income are used to measure economic globalization. The topics covered in this extensive book deal with the core subjects of globalization. It presents researches and studies performed by experts across the globe. Students, researchers, experts and all associated with this field will benefit alike from this book.