At the beginning of the 21st century, "Globalisation"-a term first used in 1985 by Theodore Levitt-has become a household name in all corners of the world. It connotes pervasiveness, inclusiveness and sweepingness with epidemic and pandemic implications in international trade and financial relations. It is a new avatar of the 18th century imperialist, colonisation and exploitation and the 20th century neo liberal economic fundamentalism. In its global scope and sophisticated. operations, it is referred to as the new face of liberal capitalism.
Globalisation of any economy means its integration with the world economy. More importantly it refers to a process of deepening economic integration, increasing economic openness and growing economic interdependence between countries in the world economy.
About thrity-five eminent eonomists/scholars from various backgrounds have contributed in this book. The book is divided into two volumes. The coverage of this book is quite comprehensive, the papers not only study the results of ongoing globalization but also provide futuristic insights too. The scholars have tried to grasp various issues related with the globalisation of world economy and integration of local/national/regional economy. Globalisation of agriculture, capital, market and labour, are the main areas of concern for the economists. The papers contributed in the book discuss not only the contemporary economic scenario but also the future perspectives for globalisation too. The merits and demerits of globalisation has been discussed and at length by various scholars in the book.