The Effect of New Economic Policy on the growing of production and employment opportunity

Abstract

Basically globalization signifies a process of Internationalization plus liberalization. According to Stiglitz, “Globalization is the closer integration of the countries and peoples of the world which has been brought about by the enormous reduction of costs of transportation and communications, and the breaking down of artificial barriers to the flow of goods and services, capital, knowledge, and (to a lesser extent) people across borders.