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


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Globalization

The Effects of Globalization in India.

The economics of a free trade society cannot flourish ***** a world where there is not a forw*****rd progressive economic development going on. Globalization is 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 means that the world, as a community, must take responsibility for the health ***** welf***** ***** the people around the *****. There are staunch anti-globalization protesters, who believe that globalization can be prevented, or "stopped" (Griffith, 2007, p. 283). It cannot ***** stopped and it cannot be prevented, because it ***** about br*****ging nations to a place of economic independence where they can maintain their own infrastructure ***** bring the population that depends largely on ***** char*****y, especially from ***** United States, out ***** poverty and into self reliance.

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

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

The Cultural Effects ***** Globalization

For the opponents of globalization it *****, or might not, help them to put into perspective globalization in terms of h*****tory. ***** began with the migration ***** persons from one boundary to a*****her ***** the earliest years of mankind's realization that there were trade items he wanted, or his community wanted, that were not readily available to ***** in their geographical location, and ***** ***** items could be obtained through ***** ***** ***** geographically located elsewhere (Orozco and Baolian Qin-Hilliard, 2004, p. 42). During this ***** of trade, individuals ********** moving from region to a*****her; f***** instance, in 1492 ***** 1800 forced ***** through slavery brought Africans ***** nearly every Euro*****ean colony that existed during those *****s around the globe, including the Caribbean, America, and other South *****n 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. 42). They *****:

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

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