(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) A better economy introduces rapid development of the capital market.
ii) Standard of living has increased.
iii) Globalization rapidly increases better trade so that more people are employed.
iv) Introduced new technologies and new scientific research patterns
v) Globalization increases the GDP of a country.

(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) Creating Opportunities for economically disadvantaged producers.
ii)  Transparency and accountability
iii) Fair trading practices and payment of a Fair Price
iv) Ensuring no child labour and forced labour.
v) Respect for the environment.

Fair trade is the way of doing business that ultimately aims to keep small farmers an active part of the world market place. It aims to empower consumer to make purchases that support their values.

i)  Abolition of Industrial licensing, except for a few industries.
ii)  Reduction in the number of industries reserved for public sector,
iii) Fixation of a realistic exchange rate of rupee to exchange exports of Indian goods.
iv)  Foreign private sector by making rupee convertible on trade, on current account and by reducing import duties.
v) Foreign exchanges regulations were suitably amended.

 Multi National Corporation (MNC) is a corporate organization which owns or controls production of goods and services in at least one country other than its home country.

a) Archaic globalization
b) Proto globalization
c) Modern globalization