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

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The Effects of Globalization in India.

The economics ***** a free trade society cannot flourish in a world where there is not ***** forward progressive economic development going on. Globalization ***** 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 community, must t*****ke responsibility for the health and welfare of the people ***** the globe. There are staunch anti-globalization protesters, who believe ***** globalization can be prevented, or "stopped" (Griffith, 2007, p. 283). It cannot ***** sto*****ped ***** it cannot be prevented, because it is about bringing nations to a place of ***** independence where they can maintain their own infrastructure and bring the population that depends largely on w*****ld charity, especially from the United States, out of poverty ***** into self reliance.

***** is, as the process ***** ***** unfolds, a nation ***** is at this point in time ***** 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 as the globalization test market, and an effort will ***** made ***** ***** how well the population of India has withstood ***** test.

Winston H. Griffith (2007), reviewing ***** 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 ***** facts.

The Cultural Effects ***** Globalization

For the opponents of globalization it *****, or might not, help ********** to put into perspective globalization in terms ***** hist*****y. ***** ***** w*****h 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 ***** readily avai*****ble ***** them in their geographical location, and ***** those items could be obtained through trade with ***** geographically located elsewhere (Orozco and Baolian Qin-Hilliard, 2004, p. 42). During this ***** ***** trade, individuals began moving from region to another; f***** instance, in 1492 ***** 1800 *****orced migration ***** slavery brought Africans ***** nearly every European colony that existed dur*****g those times around the globe, including the Caribbean, America, and other South *****n nations (Orozco and Baolian Qin-Hilliard, 2004, p. 42).

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

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


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