ABSTRACT
Integration across geographical boundaries has been an insatiable quest of human being for different altruistic purposes. The connect between the nations existed informally for the purposes of trade and cooperation. The trade has always been the most instrumental and effective vehicle for such integration among the different countries across the geographical boundaries. The term globalization refers to the autonomous surfacing of social and economic systems which aims for international cooperation. Social, economic and management scientist have given different expressions to integration of material, human and intelligence across the nations. Economic globalization is a deep integration through value chain of trade in products and services as well as setting up of facilities across the world for creation of wealth. For fruitful economic cooperation, reduction in tariff walls and creation of congenial atmosphere for international trade have always been the hallmark of international policy.
