In the Indian context I would setout some of the initiatives by Reserve Bank of India, which are relevant to the issue of globalisation. Globalisation: a framework The concept of globalization, in the sense in which it is used now, can be traced to the phenomenon of nation states.
Government-imposed restrictions on movement of goods, services, people and capital are less than a hundred years old; in fact, passports and visas and the whole gamut of restrictions are a feature of the late 19th Century and the first half of the 20th Century.