Economic globalization has played a significant part in increasing the national income of the world. One gets an opportunity to share technology for better production of goods and services. Today developed countries are investing their funds with developing nations, which gives them an opportunity to yield considerable amount of profit.
Global economy growth has created equal opportunity for developing countries to compete and grow with the other developed nations. It leads to inter country trade and marketing of various products. It controls the world inflation and ensures flow of goods and services.
Foreign direct investment has benefited many countries that cannot have investment in various profit making sectors. Such investments have helped them to control unemployment, increase in the PPP, and GDP of developing countries.
Such trade polices also leads to exchange of culture, tradition, technology, goods, and services. International trade is not a new concept for countries…