Published November 30, 2018 | Version v1
Journal article Open

Effects of globalization and liberalization on rural economy

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Globalization has become an inescapable permanent feature of the economic and social system of all the nations of the world.  Globalization is a condition where the boundaries of nations, economic-cultural fragmentation, isolation are blurred.  Globalization is the process of the whole world becoming a free market.  The world has become a global village.  Due to free economy, economic liberalization and privatization born out of globalization, a radical change is taking place in the economic, social and cultural system of all the nations of the world.  It is natural that the rural economy is also affected by globalization and free economic policy, liberalization.

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