The wave of globalization had started winding since the late 1980's in many countries of the world. This led to a structural change in different sectors of economy in different parts of the world. One of such sectors is external sector which remained closed in many countries specially socialist...

Many countries have followed a policy of being self-sufficient in electricity. However, in the last two decades exchange of electricity across borders has become more widespread, and the European Union's policy is to encourage a gradual expansion of cross-border trading and integration of...