Essay - Globalization the Effects of Globalization in India. the Economics of...


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Globalization

***** Effects of Globalization in India.

***** economics ***** a free trade society cannot flourish in a world where there is not a forw*****rd progressive economic development going on. Globalizati***** ***** about creating an economic balance around the globe, which means eliminating third world poverty in order that those nations are able to participate and compete in a world economy. The suggestion of a ***** economy has other implications too; it ***** that the world, as a commun*****y, must t*****ke responsibility for the health ***** welf***** ***** the people ***** the *****. *****re are staunch anti-globalization protesters, who believe ***** globalization can be prevented, or "stopped" (Griffith, 2007, p. 283). It cannot ***** stopped and it cannot be prevented, because it is about br*****ging nations to a pl*****ce of economic independence where ********** can maintain their own infrastructure and bring the population that depends largely on w*****ld char*****y, especially from the United States, out ***** poverty and into self reliance.

***** is, as ***** process of ***** unfolds, a nation that is at this point in time at the heart of globalization. This brief study will examine ***** effects of globalization in India, which began more than two decades ago, ***** continues into the present day. India and ***** have become almost synonymous; it is difficult to speak of one without the other. It might even be said ***** ***** stands ***** the globalization test market, and an effort will be made ***** examine how well the population ***** India ***** withstood that test.

***** H. ***** (2007), reviewing the book, Winners ***** Losers, reports that economic analyst and author Guillermo de la Dehesa (2006), takes the position of ***** pro-globalization argument, and actually supports that argument with sound logic ***** facts.

The Cultural Effects of Globalization

For the opponents of globalization it might, or might not, help them to put ***** perspective globalization in terms of hist*****y. ***** began with the migration of persons from one boundary to an***** in the earliest years of mank*****d's realization that there were trade items he wanted, or his community wanted, that were not readily avai*****ble to them in their geographical location, and ***** those items could be obtained through trade with persons geographically located elsewhere (Orozco and Baolian Qin-Hilliard, 2004, p. 42). During this ***** ***** trade, individuals began moving from region to a*****her; for instance, in 1492 ***** 1800 *****ced migration through slavery brought Africans ***** nearly every Euro*****ean colony that existed dur*****g those *****s around the globe, including the Caribbean, America, and o*****r South American nations (Orozco and Baolian *****, 2004, p. 42).

Orozco and ***** Qin Hilliard say that globalization was in its ***** stage at the end of the 19th century (p. *****). They say:

The third cycle of ***** ***** L*****in America occurred with the onset ***** export-led ***** growth in the closing decades of ***** nineteenth century. The timing differed ***** place to place, but the process quickly assumed similar characteristics throughout Latin America. West

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