Globalisation

The core of globalisation lies in freeing a country's economic frontiers, to allow unrestricted international trade in goods and services, entry and exit of foreign capital and technology and giving the foreign investors a treatment similar to that provided to domestic investors. In its essence, the term globalisation refers to the integration of economies of the world through uninhibited trade and financial flows, as also through mutual exchange of technology and knowledge. Ideally, it contains free inter-country movement of labour as well. The move towards globalisation (say global-integ…