PROCESUL DE GLOBALIZARE & INDIA: OPORTUNITĂŢI ŞI PROVOCĂRI & STRATEGII PENTRU GUVERNANŢĂ GLOBALĂ
GLOBALIZATION PROCESS & INDIA: OPPORTUNITIES AND CHALLENGES & STRATEGIES FOR GLOBAL GOVERNANCE1

Summary/Abstract: Globalization has been defined as the process by which markets and production in different countries are becoming increasingly interdependent due to dynamics of trade in goods and service and the flows of capital and technology. The growing interdependence is revealed not only by the rising ratio of trade to output, but also by increased foreign investment, international joint ventures, inter-firm agreements, reduced trade barriers, emergence of a relatively open international trading system and liberal trading policy climate created by the various multilateral trading rounds and unilateral and regional liberalization efforts. Information and communication revolution in the 1990s is a major contributor towards rising world trade to output ratio. Rising ratio of world trade to world output can be viewed as an indicator of globalization.

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