Managerial Challenges of the New Millennium

As we enter the new millennium, we are on the
threshold of a new “Global Age”. Under the
impact of globalization, more and more national
economies are being integrated with the global
economy. Markets are becoming global not only
for goods but also for many services. World
trade is expanding. Developments in financial
markets have been most dramatic.
It is estimated that an average of $ 500 billion cross
the world’s foreign exchange markets each day,
of which more than 90% are unrelated to trade
or investment.