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Globalization, Mncs and Foreign Capital in India
Introduction
In the second half of the 20th century, international business has become an important economic force. Today few, if any, countries can claim to be economically self-sufficient. Even India, with its vast human and natural resources, cannot insulate herself from the world economy and though there was tremendous political opposition from within, she was constrained to open up her economy and join the WTO. In every country, developing or developed, international business touches people’s lives daily.
With the World Trade Organization (WTO) playing an active role and its 153 members opening up their economies, globalization has extended its reach with freer movement of people, capital, ...
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