With the boons of technological progress spreading every nook and corner of the globe, Globalization has been a dominant force for several decades. Globalization has winners and losers. International trade, foreign direct investment, and trans-boundary flow of goods, services, and capital are few of the many facets that characterize the process of globalization. Thus, a volume addressing such issues is quite essential for readers. This volume is a collection of thirteen contributed chapters on the current international trade scenario, its evolution over the years, and its global impact on developed and developing economies. Most importantly, it deals with a range of issues related to global financial crisis and its aftermath affecting global trade and the players in the international market. As the crisis unfolded, trade has suffered a setback and we saw a shift in global trade. In particular, we saw the emergence of developing nations and gradual erosion of dominance of developed countries. This book covers these aspects. The valuable contributions by the authors look at these problems in global macro economy from different angles-theoretical and empirical-to offer a cogent view of the current situation facing us. The chapters offer theoretical viewpoint as well as applied perspectives on many facets of crisis and trade in the global economy.
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