(i) Too much flow of capital amongst countries introduces unfair and immoral distributors of income.
(ii) Because of too much of trade, independent domestic policies are lost.
(iii) Rapid growth of economy increases negative ecological and social costs.
(iv) Rapid increases in exploitation of natural resources to earn foreign exchange.
(v) Environmental standards and regulations have been relaxed.

Gatrigas, Nakaras, Mummuridandas, Ayyavole, Settis, Birudas, Gavaras, etc.,

(i) Foreign Contribution (regulation) Act, 2010
(ii) Foreign Contribution (regulation) Rules, 2011

GATT's primary purpose was to increase international and trade by reducing various tariffs, quotas subsidies while maintaining meaningful regulations.

(i) Liberalization
(ii) Privatization
(iii) Globalization

i) In 1600, Queen Elizabeth granted charter to The East India Company.
ii) On the south-eastern coast, the English established at Masulipatnam in 1611 and near Pulicat in 1626
iii) The Sultan of Golconda granted the English the 'Golden Fireman' in 1632 by which they were allowed to trade freely in their 'Kingdom Ports'.
iv) In 1639, the English built St. George Fort in Madras and it was the headquarters of English settlement on the Coromandel coast.

There are three types of globalization. They are,
(i) Archaic Globalization
(ii) Proto Globalization
(iii) Modern Globalization

(i) GATT - General Agreement of Trade and Tariffs
(ii) WTO - World Trade Organization
(iii) FDI - Foreign Direct Investment
(iv) TRIPs - Trade Related aspects of Intellectual Property Rights
(v) TRIMs - Trade Related Investment Measures

(i) The 19^th Century witnessed the advent of globalization approaching its modern form.
(ii) There are significant differences in globalization between 19^th and 20^th century.
(iii) There are two main points one is the global trade and the capital investment.

(i) European companies which came to trade with India.
(ii) The discovery of a new all-sea route from Europe to India via cape of Good Hope by Vasco da Gama.
(Iii) Vasco da Gama had far-reaching repercussions on the civilized world.

(i) Southern Indian trade guilds were formed by merchants in order to organize and expand their trading activities.
(ii) Trade guilds become channels through which Indian culture was exported to other lands.

(i) Expansion of Market Territory
(ii) Marketing Superiorities
(Iii) Financial Superiorities
(iv) Technological Superiorities
(v) Product innovations

(i) Globalization was characterized by the rise of maritime European empires, in the 16^th and 17^th centuries.
(ii) In 17^th century, globalization became private business phenomenon like British East India Company described as the first multinational company.

(i) To set and enforce rules for international trade.
(ii) To provide a forum for negotiating and monitoring further trade liberalization.
(iii) To solve trade disputes.
(iv) To increase the transparency of decision making processes. 

i) Dutch undertook several voyages from 1596. They formed the Dutch East India Company in 1602.
ii) In 1605, Dutch factories were set up in Masulipatnam, Pettapoli and Devanampattinam
iii) In 1610, they founded another factory at Pulicat.
iv) Commodities exported by the Dutch were indigo, saltpeter and Bengal raw silk
v) Pulicat was the headquarters of the Dutch in India.