Globalization denotes that an increasing number of countries are taking part in world economy. It implies free trade and presents opportunities to developing countries to enjoy the benefits of comparative cost advantage. Developing countries all over the world have begun taking part in world trade. This process is changing the pattern of world trade and increasingly affecting the economies of developing and developed countries and our everyday life as well. However, globalization goes beyond trade. It means the opening up of countries to wider contacts with one another, in order to facilitate the free flow of goods, services, people and technologies. This book is an attempt to analyze the overall impact of globalization on inflation, monetary policies, employment, poverty trends, and world trade. This book intends to help management students, academicians and every global citizen understand the opportunities and threats of globalization. As the book discusses examples, ranging from developed countries to developing countries, it will help readers understand the economic implications of globalization for both developing and developed countries. The book portrays the true picture of globalization and, therefore, helps readers in forming an unbiased opinion about globalization. This book is an informative contribution as it is a collection of diverse articles compiled with the objective of giving a comprehensive picture of the opportunities and threats of globalization.
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