Globalization and modernization is a process of accelerated growth, expanding horizons, taking into account both national and international frontiers duly aided by state of the art communication technologies. If one were to take a purely optimistic view of globalization, it would be found that the rate of its progress is certainly targeting even the remotest regions of the world following what we have come to call as the natural laws of the economy. However, the …showed first 75 words of 860 total…

…showed last 75 words of 860 total…potential ventures in the country. These ventures need to be competitive not by Nepalese and South Asian standards, but must be measured by the global yardstick [Author Unknown, 2001]. Sources: The CIA World Fact Book, Nepal, 2002 http://www.cia.gov/cia/publications/factbook/geos/np.html Author Unknown, Effects of Globalization on Business in Nepal, 2001 http://www.panasia.org.sg/nepalnet/economics/effects.htm Peter Rojas, Lost Kingdom, 2003 http://www.thealarmclock.com/online/cfContent/00_07_03/nepal.html