The twenty first century is experiencing a fast pace of global integration of services and intermediates have not been evenly accessed by the countries national markets even though flow of factors of production, commodities But the reality has been much different from what the proponents have that were told of the even- handed impacts of globalised economic regime.
Developing country perspectives were hardly adequately articulated. Thus it aggressively put forward in several rounds of negotiations where is indeed topical to review the economic literature on trade openness and economic growth as market integration takes place.
By the time the world is moving fast to reach the goal of globalization. The people at different corners of the globe are reacting differently.
While it was hoped that globalization would bring about progress and prosperity to even out the differences among the nations at different pace of development, but the symptoms seem to be otherwise frustrating the expectation and it is now almost set to fail to narrow the gap between income and social inequalities among different nations.
The reactions of the demonstrators in Italy and Seattle expose the gloomy future of the globalisation. No effort seems to be directed to cool down this complicated issue, which has been dealt with in this book in its diverse aspects.
The authors have examined the syndrome empirically to demonstrate the role of trade openness in the integration of markets World over to promote investment on a global scale. It is expected that the economists, businessmen and industrialists will find worth reading this book.