Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Globalization's Impact on India's Economy
1.
2. -By:
DEEP GHOSH
EE/01/2012
UNIV.ROLL-10501612020
ELECTRICAL ENGG. DEPT.
3. Globalization is the process of international
integration arising from the interchange of world
views, products and ideas.
In particular, advances in transportation and
telecommunication infrastructure, including the
rise of internet are the major factors in
globalization and precipitate further
interdependence of economic and cultural
activities.
It is the emergence of an international network of
social and economic systems.
4. 1. Economic
Countries that trade with many others and have few trade barriers are
economically globalised.
2. Social
A measure of how easily information and ideas pass between people
in their own country and between different countries (includes access
to internet and social media networks).
3.Political
The amount of political co-operation there between countries.
4.Technological & educational
Exchange of technology and educational techniques.
8. •Trade liberalization.
•Financial Liberalization.
•Privatization.
•Tax reforms.
•Inflation control measures.
•Foreign Direct Investment.
•Removal of quantitative restrictions on
imports.
•Deregulation.
•Integrated education system.
9.
10.
11. • Increase in Rate of Economic Growth.
• Fall in Fiscal Deficit.
• Price Control.
• Reduction in Poverty & Inequality.
• Improving the Efficiency Of Public Sector.
• Development of Small Scale industries.
12.
13. • Injustice To Agriculture.
• Heavy Dependence On Foreign Goods.
• Dependence On Foreign Technology.
• Excessive Importance To Privatisation.
• Reduction In Employment Oppurtunities.
• Encouragement Of Luxury Based Production.
Injustice to Agriculture.
Heavy Dependence On Foreign
Technology.
Excessive Importance To
Privatisation.
Reduction In Emloyment
Opportunities
Encouragement To Luxury Based
Production
14. CONCLUSION
Accessing Markets & Tecnologies In
Today’s Globalized Economy.
Need For Strategic Approach For
Converting Globalization Challenges Into
Opportunities.
Identification Of Factors Affecting
International Competitiveness In Terms Of
Quality & Cost.
SMEs To Reach International Markets
Potential For Their Goods & Services