Globalization and Market Economy : A Few Questions
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Abstract
Globalization is made up of two terms 'land' and 'mandalization'. The meaning of land is land and the meaning of mandalisation is to contain. That is, the whole world has to fall into one circle or periphery or that is to say that all the countries of the world have crossed their borders and come under one umbrella for mutual cooperation in economic, political and cultural fields or in any of these areas. It is called globalization. In fact, every country's unqualified exchange of goods, services, capital, human resources etc. with other countries is called globalization.
References
- Nath, Shambhu: The Culture of Globalization 'Kathadesh', Janwari 2010.
- Bhagwati, Jagdish: In Defense of Globalization, Oxford University Press, New Delhi, 2004.
- Gupta, Viplav Das: Globalization: India's Adjustment Experience, Sage Publications, New Delhi, 2006, p. 241–248.
- Omvedat, Gail: 'Reflexions on Liberalization', BCAS, Values - 27, no. 4, October – December, 1995.
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