Globalization: A Basic Text

The process of global integration and interaction among individuals, companies and governments is known as globalization. It includes integration of national and local economies into unregulated, global market economy. It is regarded as an economic process that has social and cultural aspects related to it. Globalization includes goods, services, data, technology and economic resources of capital. Communication and transportation are two aspects that have led to the growth of this discipline. The four facets of this field are capital and investment movements, dissemination of knowledge, migration and movement of people, and trade and transactions. It can be divided into three major areas. These are economic, political and cultural globalization. Portfolio investment, foreign direct investment and gross domestic products are some of the measurement tools used to assess globalization. This book elucidates the concepts and innovative models around prospective developments with respect to this field. It outlines the processes and applications of globalization in detail. This book will serve as a reference to a broad spectrum of readers.