The first wave of globalisation was perhaps witnessed in 1870 and its continued up to 1914. The profound influence in driving globalisation came from technological innovation which in fact led to an explosion of productivity and reduction I transportation costs. But the wave came to an end by World war I. The second wave brought about from 1945 to 1980. This continued reducing transportation cost further which effectively fostered increased trade. The latest wave of globalisation began in 1980 is something different. It is distinctive in the sense that a large number of developing nations entered into the world market for selling their manufacturing goods. At the same time, some other developing nations became increasingly marginalised in the world economy.
ABOUT THE AUTHOR Anil Bhuimali
Dr. Anil Bhuimali, M.A. (Economics), Ph.D: (Economics) from the University of North Bengal, West Bengal is currently serving the Department of Economics, University of North Bengal as
Reader in Economics. Earlier he was associated with Dinhata College, Cooch Behar College and Acharya Brojendra Nath Seal College, Cooch Behar, West Bengal. After his M.A. he was the Junior Research Fellow of National Cooperative Union of India and University Grant Commission. He was also university Grants Commission Treacher Fellow during 1991-92. His areas of specialization, among others, are Rural Economics, Agricultural Economics, Development Economics, Gender Economics and Gandhian Economics. He has published in his credit, several research papers in reputed journals of economics and social sciences. Her has contributed papers in national and international seminars, workshops and conferences. He is the author of the books Arthanaitik Unnayan O Parisankhyan Bijnan (Joint), International Economics: Theory and Policy (in press). Empowering Women in Education and Employment (Ed.) (in press). He has been the life member of Indian Econometric Society, Indian Society of Gandhian Studies, Indian Association of Women’s Studies, Bangiya Arthaniti Parishad and Balason Society for Improved Environment.
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