Foreign exchange market, Monetary hegemony, International Monetary Fund

The world is experiencing is huge shift in the form of breakdown of national economic barriers to form an integrated system of world economy where one national is dependent on another. Globalization has huge implications for companies as it can reduce the cost structure of the companies and bring in improvement in terms of quality of products. Globalization has helped in improving international trade and investment volume as more and more companies have entered in to global market and take the shape of multinational organizations. Earlier US companies used dominate in the field of international exports and FDI. But, with changing world scenario, various European countries, Japan as well as emerging economies like India, China, Korea, etc. have reduced the dominance of USA as they are