Mahatma GandhiNational Rural Employment Guarantee Act.

It was passed in 2005 by ministry ofRural Development.

Vision

"It aims to enhance livelihood security in rural areas by providing at least 100 days of wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work"

The collapse of theBretton Woods Conference & SystemofFixed Currency Exchange Ratesatop theU.S. Dollardid not birthGlobalization.

Globalizationis the new name for the more visible effects of increased and increasingInternational Trade- more goods & services available of higher quality at a range of prices more or less commensurate with quality, and increasedcompetitionbetween all purveyors of internationally tradeable goods & services.

It is important to note that not all goods & services are internationally tradeable: myBarber(inNevada) is not competing with barbers in China or India or Brazil or Mexico or Canada. Neither are the waiters & cooks in restaurants near me competing with cooks & waiters far from me (or you).

“Globalization” when seen as a new name for an old and ongoing thing:International Trade, is more clearly understandable. The reason it has a new name is that its effects are more widely visible to the population and business community at large than they had been in decades past: if you’re producing a good you are well-advised to think about selling it beyond your own country, and consider whether other producers elsewhere can make the same thing cheaper or better than you.

That awareness of international trade is new, but trade itself is very, very old.