With the dawn of a new century, a new world order had emerged from the shadows marked, more than anything else, by global trends. What this means , in effect, is that regardless of the happenings in specific regions of the world, there is a coming together, a synthesis of changes of monumental proportions as perhaps never before in history, which are truly and discernibly on a global scale. Technological advances, national culture, innovation and a new ways of thinking are the central driving forces of these changes. In this high pace track of development, each and every nation is aiming to achieve the best of its growth by effectively utilizing their potentials and the available resources in the manner of gaining the competitive advantage.
In the process of nation making, some of the countries had reached their levels of extreme while some are growing at a higher pace. It is regarded that the availability of natural resources,….
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