Globalisation is the reality of the present time and has many possibilities in future. No country in the world now dares to avoid the process of globalisation. The time has gone when the developed countries were top be benefited by this process. Now different types of adverse conditions are there before these developed countries and developing countries have many positive possibilities and prospects. Outsourcing has started moving in reverse gear. It has become big policy issue in countries like the U.S. and the U.K. on the other hand, countries like China and India have realistic plans of becoming Super Powers in the coming one or two decades only because of globalisation. All over the world not only economists but our politicians have stopped talking about the basic problem of human beings like poverty, unemployment, economic and social disparity, illiteracy, backwardness, lack of equal opportunity, social security, etc. They talk about market economy, disinvestments, privatization, competency and competition, down sizing computer and information technology, hire and fire, least government control, labour reforms, etc., which are against the interests of the poor. This book “Globalisation and economic Realities†has been written to analyse the changing conditions in fields like capital investment, cost of foreign trade, challenges before developing countries, role of international financial institutions like IBRD and IMF, rate of exchange, place of WTO, stock market and savings, low rate of growth in developed countries, economic unions, outsourcing, foreign trade, knowledge based industry, etc. Sincere efforts have been made to highlight the adversities faced by less developed countries and to give practical solutions.
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