Effect of Globalisation on India Essay Example
Effects of globalization on india?
1. factors that have led to globalization in the 21st century
2. its effects on indian farming sector
3 effect on indian industry
4 WTO and globalization
5 globalization and the future of indian economy
1. The main factors that lead to globalisation in the 21st century are:
i.-- the gross failure of all closed, command communist and socialist economies to bring in economic properity, better quality life and health and education to the common man, resulting in opening up of China, disintegration of the Soviet Union, merger of two Germanies, the international bankrptcy of India in 1990-91, ii-- the rapid growth of telecommunications, computer and internet technologies, iii. the benefits derived from GATT negotiations iv. the falling prices of new technology goods available to the poorest man, thanks to multinationas\al companies
v. the great benefits that globalisation in the 20th century has brought in as described below:
Globalization is a buzz word that refers to the trend for people, firms and governments around the world to become increasingly dependent on and integrated with each other. This can be a source of tremendous opportunity, as new markets, workers, business partners, goods and services and jobs become available, but also of competitive threat, which may undermine economic activities that were viable before globalisation.
Usually, the term is synonymous with international integration, the spread of free markets and policies of liberalisation and free trade. The process is not the result simply of economic forces. The decisions of policymakers have also played an important part, although not all governments have embraced the change warmly.
The driving force of globalisation has been multinational companies, which since the 1970s have constantly, and often successfully, lobbied governments to make it easier for them to put their skills and capital to work in previously protected national markets.
1. factors that have led to globalization in the 21st century
2. its effects on indian farming sector
3 effect on indian industry
4 WTO and globalization
5 globalization and the future of indian economy
1. The main factors that lead to globalisation in the 21st century are:
i.-- the gross failure of all closed, command communist and socialist economies to bring in economic properity, better quality life and health and education to the common man, resulting in opening up of China, disintegration of the Soviet Union, merger of two Germanies, the international bankrptcy of India in 1990-91, ii-- the rapid growth of telecommunications, computer and internet technologies, iii. the benefits derived from GATT negotiations iv. the falling prices of new technology goods available to the poorest man, thanks to multinationas\al companies
v. the great benefits that globalisation in the 20th century has brought in as described below:
Globalization is a buzz word that refers to the trend for people, firms and governments around the world to become increasingly dependent on and integrated with each other. This can be a source of tremendous opportunity, as new markets, workers, business partners, goods and services and jobs become available, but also of competitive threat, which may undermine economic activities that were viable before globalisation.
Usually, the term is synonymous with international integration, the spread of free markets and policies of liberalisation and free trade. The process is not the result simply of economic forces. The decisions of policymakers have also played an important part, although not all governments have embraced the change warmly.
The driving force of globalisation has been multinational companies, which since the 1970s have constantly, and often successfully, lobbied governments to make it easier for them to put their skills and capital to work in previously protected national markets.