Globalization

ECONOMIC DEVELOPMENT Q: Trace the concept of globalization since 1870 till derive wind and highlight how the concept has changed .What safeguards do we need to manage globalization as a sustained process? Ans: INTRODUCTION globalization has been a historical process with ebbs and flow rates. It is not a simulate its a process .It is more to arrange things than to dissemble things .The term globalization refers to the consolidation of economies of the realness through earthy trade and financial flows, as also through rough-cut exchange of technology and know guidege. Cross border integration good deal have several dimensions cultural, social, political and frugal. It is the process of relocation ,restructuring and outsourcing of cultivatable economic activity characterized by more and more excess movement of factors of production ,knowledge ,technology and services , and fostered by the mutual interaction and by effect of such free movements. Limiting ourselves to economic integration, one can see this happen through the terzetto channels of :- (a) trade in goods and services, (b) movement of capital and (c) flow of finance. Besides, there is also the channel through movement of people.

globalisation represents a decisive shift in the proportion of the world output being and yet globalization is based on the three dimensions i.e. restucturing of the production process , internationalization ,ideological dimension which ar described later in the pragraghs given below. THE PRE-WORLD WAR I PERIOD During the Pre-World War I period of 1870 to 1914 , there was rapid integration of the economies in terms of trade flows, movement of capital and migration of people. In this span there were free immigration,then shipping became commercially executable proposition ,rail roads were able to bring goods from interior to slide which enabled free flow of goods and services. The growth of globalization was mainly led by the technological forces in the fields of transport... If you want to get a full essay, order it on our website: Orderessay

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