StudentShare solutions
Triangle menu

Globalisation College - Essay Example

Not dowloaded yet

Extract of sample
Globalisation College

The economy of India has the features of both socialistic and capitalistic economy. The economy was stratified into sectors entirely reserved fro the government and sectors reserved for the private. The government had a strict control over the business community through the licensing and reservations. The economy of India in 1980s was mostly dependent on the foreign borrowings. "In June 1991 India's condition on foreign exchange reserves was poor and precarious. India made a proposal for a loan of US$ 2.26 billion from the IMF. In view of the destitution that the country was in, it had no alternative than to succumb to the World Bank-IMF prescription in embarking on the so-called stabilization and structural adjustment programmes as a precondition to loan. The World Bank was ready with its proposed 'Strategy for Trade Reform'. As a result, thus, India introduced the New Economic Policy (NEP) in 1991" (Mishra, 2006). India started its trade liberalization and globalization hand in hand out of compulsion to survive. As a result, the major reforms that were introduced were:
The above mentioned measures were some of the prominent introduced by the government. But these measures were heavily criticized by the conservative leftist parties. It was predicted that India would be flooded by foreign made goods and the local industry would be crushed. Among emerging market economies, India is considered as a location of consequence for foreign firms because of prospective opportunities that arise for reasons such as the market size referred to and human resources. The high talent and relative low cost of Indian managers can make the transfer of capabilities easier to Indian subsidiaries, reducing the need for expatriate staff and increasing the feasibility of using Indian subsidiaries as an export platform (Cable, 1995). Though globalization in India had its bumps, the economy is now reaping the benefits of globalization. The economy has become stronger and Indian companies have started to set up operations bases out of India( Chibber, 1999). Though globalization was able to give the much needed boost to the docile economy, the benefits of the process is mostly enjoyed byt the urban mass and there is very little benefits enjoyed by the rural India.

Globalization in Brazil
Brazil is a growing economy in its path of development through its effective globalization initiatives. According to Richard L. Harris, in order for globalization to occur, a country must partake in a global process of cross-borders flows of products, services, capital, people and information(Harris, 2005). The three most prominent areas of change in the Brazilian economy are the agricultural changes, military weapons development and overseas construction. (Sanchez, 2005). Before globalization Brazil was concentrating on its only cash crop, Sugar. But due to the availability of modern technology, the land area available for agriculture has increased and Brazil has become one of the agricultural superpower with regard to oranges ...Show more

Summary

From the 1980s to the present day, there has been an increasingly rapid globalization of the world economy. Globalization may be defined as the increased integration of national economies into global, rather than national markets, prompted by liberalized capital flows, liberalized trade flows, significant advances in information technology, and marked decreases in the costs of international transport" (Blink, 2007)
Author : wuckertsally
Globalisation College Essay essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Globalisation College Essay"
with a personal 20% discount.
Grab the best paper

Related Essays

Business Globalisation Essay
Economic and political changes have resulted into reduction of barriers to trade at international level and more intense competition. Consequently, there are increased financial flows such as foreign direct investments, technology transfers and portfolio management across international borders.
5 pages (1250 words) Essay
Globalisation Essay
China is one the few countries that have been able to maintain economic growth every year in the past decade despite economic downturn in early 2000s and the financial crisis of 2007-2008. While the domestic demand has fuelled this growth, a large part of this continued growth has been because of the continued growth of manufacturing exports from China.
8 pages (2000 words) Essay
Globalisation Master Essay
Moreover, globalisation is considered as being in the dominance, changing economic, cultural and social surroundings so far regardless of its elemental effects, globalisation as a phenomenon remains mainly tolerant. According to Giddens (1990:64), the concept can be defined as 'the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa'.
11 pages (2750 words) Essay
Economic Globalisation Essay
KPMG (2002) International Survey of Corporate Sustainability Reporting, Amsterdam: KMPG [http://www.emeraldinsight.com/Insight/manulDocumentRequest.dohdAction=ref_document_request&r_contentId=0&r_atitle=&r_jtitle=KPMG%204th%20International%20Survey%20of%20Corporate%20Sustainability%20Reporting&r_issn=&r_year=2002&r_volume=&r_issue=&r_startpage=&r_endpage=&r_publisher=KPMG/WIMM&r_authors=KPMG]
8 pages (2000 words) Essay
Globalisation High School Essay
Given the controversial and contemporaneous nature of the phenomenon, it is hardly surprising that countless books and articles have been published on globalisation. Of these, two shall be analysed and critiqued for the purpose of identifying each of the author's positions on globalisation and the state, on the one hand, and the effect of globalisation on international relations, on the other.
10 pages (2500 words) Essay
Globalisation and Business Enterprise essay
s of recessions into account and considering the economic and social studies theories related to recession the paper aims to describe the causes of the effects of the recession. It also analyses the roles of the governments and other organizations in trying to curb the problems.
6 pages (1500 words) Essay
College essay
People that complete a college degree have better higher paying jobs. During my tenured in high school I demonstrated the ability to work with other classmates and provide support to me teammates during group assignments. I always pay close attention
2 pages (500 words) Essay
College Essay
It is with belief and confidence that I have settled on your institution as the perfect match for my ambitions, after researching on universities. As well as the qualities that the University of Wisconsin possesses, I also believe that I will flourish as a
2 pages (500 words) Essay
College essay
for any toddler and I got good things such as toys, got to go to Disneyworld (or at least the version of it then) and even attended a private kindergarten and middle school. All this however tumbled down with the separation of my biological parents. My father was the sole bread
2 pages (500 words) Essay
College Essay
The environment is constantly changing, and there is global increase daily. It is another challenge; therefore, it is important that people are equipped with skills that will enable them operate effectively in this environment. Effective leadership is another challenge
3 pages (750 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation