Question

Provide robust and complete definitions of all terms that are embedded in the questions and refer to associated authors and examples: In what ways has globalization impacted, or reshaped, the ways in which the viability of a policy is evaluated and assessed?

Answer 1

Globalization - this term was first coined by Theodre Rossevelt who is Harvard bUsiness School Professor,which indicated an emergence of new international network of economic systems.

It is process of economic integration of people, government and various companies. One of best example is Vodafone invested its stake in Verizon which was largest UK-US deal. Even China USA trade deal for Importing steel falls under globalization.

Globalization increases economic prosperity and maintains healthy relationships with other government as strategic partnerships. It also helps achieve economies of scale, increase Foreign direct investment and foreign exchange reserves and helps countries support and come together for larger and common cause.