become the 8th largest world exporter of manufactured goods and the second largest economy in the world‚ after the United States‚ on the basis of purchasing power parity. The impact of globalisation on China has been profound‚ having an impact in a number of different areas. Government Strategies to promote economic growth and development Between 1978 to 1994 China abandoned agricultural collectivisation‚ replacing it with a system of household responsibility‚ allowing individuals to make their own
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There are three driving forces of globalization. Improvements in technology‚ improvements in transportation and investments by transnational corporations (TNCs) Firstly‚ Improvements in technology has made communications among people in different locations faster and more convenient. People across the globe can communicate with tools such as telephone‚ electronic mail‚ fax and video conferencing. Satellite technology has enabled messages to be transmitted from one location and received in another
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towards stakeholders at different spatial levels is the most visible change in the state‚ in a globalized world. The thesis about the end of the state is unsustainable. According to Poulantzas‚ a nation-state should be seen as ‘self-replaceable’. Economic globalization is seen as the force which most threatens the authority of the nation-state. The state ’s ability to act in opposition to market forces is devastated by the fact that the state must reduce regulatory standards in order to attract capital
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Describe and explain the impacts of Globalisation on varying scales Globalisation is the idea of making or letting people of different countries be more inter-connected. Globalisation has negative and positive impacts however‚ and they can be shown on a global‚ national or local scale. Globalisation has impacted the amount‚ and basis‚ of many trade agreements. Globally‚ more countries are willing to trade because of how easy and cheap it is to import and export goods. Most of these trade deals have
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GLOBALISATION AND INDIA-CHINA RELATIONS There is a shift in the nature of the relations between India and China from a purely territotial perspective in the post-independence period to the economic perspective in the post globalization and liberalization period .This has resulted in both positive and negative ramifications because of both state and non-state factors. POSITIVE IMPACTS: TRADE: The trade between the two countries has been increasing since the 1990s and has reached $67 billion
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RESPONDING TO GLOBALIZATION: INDIA’S ANSWER 4th Ramanbhai Patel Memorial Lecture on Excellence in Education by Dr. C. Rangarajan Chairman Economic Advisory Council to the Prime Minister New Delhi February 25‚ 2006 Ahmedabad RESPONDING TO GLOBALIZATION: INDIA’S ANSWER I deem it a great honour to be invited to deliver the 4th Ramanbhai Patel Memorial Lecture on Excellence in Education. Shri Ramanbhai Patel was a true entrepreneur. He came to business from education
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Globalisation is a positive force in the world. Discuss. In recent years‚ amongst all the claims and counterclaims‚ the argument over whether globalisation is a positive force or not has become rather controversial. Advocates claim globalisation facilitates economic growth‚ international financial integration‚ and cooperation between nations while critics vigorously argue that globalisation leads to a fierce exploitation of the labour class‚ a disparity between rich and poor‚ and a concentration
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(excluding references) Globalisation has had adverse effects and implications and this paper examines as it affects developing countries. It’s a comparative review of two articles; “The evolution of development economics and globalisation” by Piasecki and Wolnicki (2004) and “Could developing countries take the benefit of globalisation?” by Hartungi (2006). Effort was made to also identify points of congruence between the two articles as well as different views on globalisation trends experienced in
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and transitional economies is balancing the benefits of globalisation with the risks and costs. According to Sheila L (2004) : ’Globalization can be described as a process by which the people of the world are unified into a single society. This process is a combination of economic‚ technological‚ sociocultural and political forces ’Globalisation is a complex phenomenon‚ with economic‚ political and cultural dimensions. At the centre are economic pressures stemming from trade liberalization and increased
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Economic restructuring: Economic restructuring has happened because globalisation increases competition meaning the British economy has been restructured‚ largely at the expense of manufacturing. This is because many British manufacturing firms have transferred production offshore. This allows them to focus on high value and high skill activities such as research‚ product design/ development and marketing. Foreign direct investment: Investment into the UK through TNC’s is important as
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