Globalization is the process of progressive exchange between the countries on the basis of cultural, political and economic dimensions. There has been a lot of emphasis on facilitating cultural and financial exchange between world economies. This book consists of contributions made by international experts to elucidate the effects of globalization on national and local economies. From theories to research to practical applications, case studies related to all contemporary topics of relevance to globalization have been included in this book. Through this book, we attempt to further enlighten the readers about the various issues and challenges of globalization in modern times.