1. Historical context: First Globalization, British Empire, effects on the colonies, Industrial revolution in Britain, Deindustrialization in Bengal, slave trade -- 2. New Globalization starts with the abolition of the Soviet Union in 1991. WTO in 1995, impacts on Yugoslavia, Brazil, India....

National economies are linked through flows of capital and goods. This book addresses those linkages, analyzes their benefits for economic development, and evaluates a country’s opportunities to reap the best possible rewards by influencing the linkages. The book focuses on the role of product...