Globalization is the fast track road on which development speeds up very rapidly. Although there were some initial biases regarding globalization prevailing, the country has prepared itself for various challenges that are coming in the world trade. Adoption of technology and advancement has been beneficial. Every country must realize that for globalization, information is imperative.
Every economy should be thoroughly updated with the financial background of an investor, communication of the balance sheet of the firm, strengths and weaknesses of the investments, etc.
Productivity has to increase in all areas of management. Human resource management should show new techniques and policies for the development of trained and equipped manpower. The only force which drives the progress in the competitions. Therefore, every country must be prepared to face competitions and meet the challenges globalization brings along with it. If it’s required then the working pattern can be restricted and developed as per the need in the context of liberalization and trade policies.