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 ***** a world where there is not ***** forward 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 world economy has other implications too; it ***** that the *****, as a commun*****y, must take responsibility for the health ***** welfare of the people ***** the globe. There are staunch anti-globalization protesters, who believe that globalization can be prevented, or "stopped" (Griffith, 2007, p. 283). It cannot be stopped and it cannot ***** prevented, because it is about br*****ging nations to a pl*****ce of economic independence ***** they can maintain their own infrastructure and bring the population that depends largely on world charity, especially from the United States, out ***** poverty ***** into self reliance.

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

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

***** Cultural Effects of Globalization

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

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

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

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