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Simple essays on globilization


simple essays on globilization

am the politics of the states are modified to meet the requirements of these organisations. Unequal competition between the domestic companies and mighty MNCs has resulted closure of weak industrial units both under large, medium and small scale categories. As a result of globalisation industrialised states are getting more benefit as compared to that of less industrialised and agriculturally based states leading to a geographical skewed pattern of growth attained during this post-globalisation period. Table.13 reveals that the share of China in World exports increased from.59 per cent in 1990.20 per cent in 2003 as a result of rise in the volume of its exports by 714 per cent. Indian trade and industry will get all benefits of paternity and it will not be allowed to face unfair competition. As on December 1999, 170 Indian Software Companies have acquired international quality certification. Globalization of Markets refers to convergence in buyer preferences in markets around the world. Though it may simply mean global interconnectedness, it includes a number of interlinked and complex economic, technological, cultural, environmental and political processes. Politically, it means limited powers and functions of state, more rights and freedoms granted to the individual and empowerment of the private sector culturally it means exchange of cultural values between societies and between nations; and ideologically, it means the promotion and spread of liberalism. During the period 1990-91 to 1994-95, the share of FDI was.2 per cent and that of Portfolio (FPI) investment was as high.8 per cent. Advertisements: Accordingly, the term, globalisation has four parameters: (a) Permitting free flow of goods by removing or reducing trade barriers between the countries, (b) Creating environment for flow of capital between the countries, (c) Allowing free flow in technology transfer and.

simple essays on globilization

(iv) The government has followed a shift in policy orientation from import substitution to export promotion, reduced tariff rates and removed quantitative controls. Globalization is the decision for world; it is not the concern for only 1 country. When people travel more for their business then they come to contacts in many different people which make them easily connected with them. The colonial conquests, the globalization process has largely reflected market forces, specifically, the exploitation by large and smaller businesses in the world of benefits from trade in commodities, goods, services, capital, and even labor, and of opportunities for new investments and markets. This was despite the fall in the growth rate of labour force from.43 per cent during.31 per cent during. As a result, laws, economies, and social movements are forming at the international level. Again during the period 2000-01 to 2005-06 the share of FDI has again declined.1 per cent and the share of FPI has increased.9 per cent. Globalization creating the trouble of human trafficking and this is major issue and huge con of Globalization. In this connection,. Labors have to travel one country to another which makes them more hard working and efficient with knowledge.



simple essays on globilization

Thus the present trend in globalization in Indian economy has to he analysed seriously from all angles for determining its future policy directions in a most rational manner. 20 Possible Topics for an Essay on Globalization.

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