As a result, the barriers between the countries have reduced, which has led to increased global connectivity, integration, and interdependence in the social, cultural, economic, technological, political, and institutional dimensions. This fire of LPG has been further fueled by rapid technological advances and improved communications with the advent of the 21st Century. The wave of liberalization, privatization, and globalization (commonly abbreviated as LPG) that has been blowing up since the 1990s has shrunk the world into a global village. It generally refers to how organizations and businesses develop international influence and begin operations on an international level. Globalization has become a buzzword today. Globalization has brought about an era of economic, institutional and cultural integration.
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