The source is referring to the negative impact of economic globalization. Economic globalization is the increase economic integration and interdependence among national‚ regional and local economies across the world. This is caused by the process of importing/exporting of goods and services between countries resulting in more capital and job opportunities. The idea of economic globalization arose from many world events which shaped the economic‚ social and political landscapes of numerous countries
Premium Economics Globalization International trade
Descriptive Topics for 1BPS P0 2012 The best way to inspire and involve the Indian youth in making India an upcoming economic power is for all political parties to engage themselves in politics of development. In your well-considered opinion what measures should be adopted to achieve the goal. Needless to reiterate and reaffirm that India needs politics of development rather than the politics of polemics and populism. More than ever before‚ both people and political parties should see to it
Premium Politics Political party Political spectrum
Generations of economic reforms- 1st Generation Reforms (1991-2000): 1) Promotion of private sector De-reservation De-licensing Abolition of MRTP limit Abolition of the compulsion of the phased-production and conversion of loans into shares Simplifying environmental laws 2) Public Sector Reforms Disinvestment Corporatisation 3) External Sector reforms Abolition of quantitative restrictions on imports Floating currency regime of exchange rate Full current account convertibility
Premium Bank Economics
India 2011-Winds of change and its impact on our lives. In India‚ corruption is something we all learn to live with. We have been breast-beating over the sorry state of affairs from the times India marched on a Sovereign nation. Why do I start my essay with a negative note of corruption? We need not be resigned to it or remain cynical about the issue. The economy of India was under socialist-inspired policies for an entire generation from the 1950s until the late 1980s. The economy was characterized
Premium Political corruption India Transparency International
IMPACTS OF FOREIGN TOURISM TO INDIA POSITIVE IMPACTS 1. Generating Income and Employment: Tourism in India has emerged as an instrument of income and employment generation‚ poverty alleviation and sustainable human development. It contributes 6.23% to the national GDP and 8.78% of the total employment in India. Almost 20 million people are now working in the India’s tourism industry. 3. Source of Foreign Exchange Earnings: Tourism is an important source of foreign exchange earnings in India
Free Tourism Maldives World Tourism Organization
ECONOMIC GLOBALIZATION AND THE ROLE OF INDIA IN THE PROCESS BY Dr V P RAGHAVAN SENIOR FELLOW MINISTRY OF CULTURE GOVERNMENT OF INDIA e-mail:drvpraghavan@yahoo.co.in ECONOMIC GLOBALIZATION AND THE ROLE OF INDIA IN THE PROCESS Introduction Globalization is the captivating catchword all over the world. Some may praise its gainful fortunes while others denigrate its disfavoring vices. Globalization‚ as an economic phenomenon‚ denotes
Free Economics Economy Investment
The Impact of Economic Reforms on Industry in India: A Case Study of the Software Industry N. R. Narayana Murthy The Indian economy‚ in the last decade‚ transitioned from an inward looking‚ closed economy‚ to a liberalized‚export-oriented one. The software sector witnessed unprecedented growth‚ with exports growing at a compounded annual growth rate (CAGR) of around 45 percent and domestic software sales at around 35 percent. In fact‚ before 1991‚ the Indian software sector was adversely affected
Premium India Foreign exchange reserves Government of India
Impact of westernization on Indian culture The culture of India has been shaped not only by its very long history‚ unique geography and diverse demography‚ but also by its ancient heritages‚ culture and traditions. Regarded by some historians as the "oldest living continuous civilization of Earth"‚ the Indian tradition dates back to 8‚000 BC and has a continuous recorded history for over 2‚500 years (starting from Rig Vedic period). Indian Culture‚ which is one of the oldest
Free India Culture of India Western culture
Economic times Mobile banking: A technology gradually permeating into the system Shelley Singh‚ ET Bureau Dec 11‚ 2012‚ 06.30AM IST [pic] [pic] • [pic] (It’s still in its infancy‚…) The question for mobile banking in India is not whether‚ but when. A string of parallel developments - greater bank innovation‚ broadband spread and user inclination - is providing new charge to mobile banking. There is still a long way to go before m-banking achieves mass acceptance‚ but it’s on
Premium Bank Cheque Credit card
Foreign Direct Investment and Economic Growth in South Korea and Policy Lessons for Nepal (A Master Degree Dissertation) Submitted by: Raj Kumar Rai MSc. International Finance Student Ref No: M00235713 Submitted to: Middlesex University Business School‚ London 2008/09 September 25‚ 2009 London‚ United Kingdom I Abstract Foreign direct investment (FDI) is taken as one of the key factor of rapid economic growth and development. FDI‚ it is believed to stimulate
Premium Economic growth South Korea Economics