• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
Page
  1. 1
    1
  2. 2
    2
  3. 3
    3
  4. 4
    4
  5. 5
    5
  6. 6
    6
  7. 7
    7
  8. 8
    8
  9. 9
    9

Globalisation in India

Extracts from this document...

Introduction

The purpose of this paper is to identify the effects of globalisation on the development policies in India as the nation attempts to embed western style capitalist structure and technologies on to traditional way of life, and to find out how India is responding to these challenges in its drive towards economic development. What is globalisation? Globalisation is the shift toward a more integrated and interdependent world economy. This is largely the result of planning by politicians and business organisations to breakdown borders hampering trade to increase prosperity and interdependent thereby decreasing the chance of future wars. Globalisation is not a new concept, the potential effects of globalization, positive and negative were recognized 150 years ago by the political philosophers Marx and Engels. They did not use the word "globalisation", but their themes and concepts sound remarkably similar to our world in 2008 (Marx and Engels 1996, pp.98-137). The merging of historically distinct and separate national markets into one huge global marketplace, falling barriers to cross-border trade have made it easier to sell internationally. Also the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labour, energy, land and capital). The development of communication technologies and cheaper means of transportation has taken globalisation to areas that were not communicable with previously (Hill2009, p.6-7). However, globalisation has also thrown up new challenges to developing countries like volatility in financial market, abuse of labour, environmental degradations etc. ...read more.

Middle

(1) supplementing staff; ? (2) building turnkey projects or providing ongoing support; ? (3) gaining assistance in building centers; ? (4) building, operating and transferring facilities; ? (5) providing specialized assets; and ? (6) entering joint ventures. Just as China has driven down costs in manufacturing (and Wal-Mart in retail), India is driving down costs in services. However, outsourcing is more than just leveraging low labor costs; it is also about having distinctive capabilities. With its rich talent and technology-enabled development centers, an ability to attract and train the best talent, and a focus on systems and processes, as well as speed, imagination and excellence, India should be able to remain at the forefront of this offshore revolution, particularly as it moves into higher margin businesses, such as IT consulting and business consulting. In fact, India's low-cost, high-IQ, English-speaking brainpower may have a more significant impact on Western economies than China, although the latter is looming as a new market for low-cost technology talent. India's current focus is on providing solutions using IT. The next challenge is to define problems that will face customers, rather than just solving problems defined by customers. Technology companies will also need to become even more multicultural. Wrenching change While India's gain in offshore outsourcing may be painful and traumatic in the short-term for displaced Western IT workers, the challenge presents an opportunity for North America, Japan and Western Europe. The result could be a brain gain that accelerates productivity and innovation Although the West risks surrendering its lead role in innovation if it continues to outsource high-skilled professional jobs, US scientific and financial leadership should at least ensure a strong domestic economy. ...read more.

Conclusion

"When financial systems fail, the consequences are highly visible and governments act. When education systems fail the consequences are less visible, but no less real," says UNESCO Director-General Ko�chiro Matsuura. Wealth is not the only marker of disadvantage. Girls remain a neglected segment, and discrimination based on language, race, ethnicity and rural-urban differences are deeply entrenched. "The circumstances into which children are born, their gender, the wealth of their parents, their language and the colour of their skin should not define their educational opportunities," say the report's authors. The report adds that the world is not on target to achieving the Millennium Development Goal (MDG) of universal primary education. Despite some gains, UNESCO says, at least 29 million children will still be out of school by 2015. And this figure does not include conflict-affected countries such as Sudan and the Democratic Republic of Congo (DRC). The report identifies a range of policies to remedy extreme inequality, including the removal of school fees for basic education, increased public investment, and incentives for girls, whilst warning against decentralisation which often widens inequalities by reinforcing financing gaps between rich and poor regions. The international donor community has failed to deliver on the commitments it made in 2005 to increase aid by $50 billion with a current shortfall of $30 billion. The report estimates that the aid financing gap for achieving basic education by 2015 is around $7 billion annually. "These large aid deficits are holding back progress," the report concludes. Source: The Economic Times, November 26, 2008 IANS, November 26, 2008 PTI, November 26, 2008 http://www.un.org , November 2008 . ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Human Geography section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Human Geography essays

  1. The Philippines and the struggle for democracy

    Not only did the U.S. guard itself but also so did the developing democracy of the Philippines. The occupation of both the Spanish and the United States has left a lasting impression on the Philippines. Not only did they introduce western religion but also democracy.

  2. Farming Systems

    to encourage them to produce more o The EU guaranteed a standard price for farmers' products regardless of market forces or the price of the same product outside Europe- protected farmers from cheap imports from abroad o Subsidies and guaranteed prices meant the EU farmers ended up damaging the environment

  1. Impact of India

    This has declined to less than five percent of world income and less than half a percent of world trade. Westerners and Non Residential Indians have rediscovered classical Indian music, which went global a generation ago at the time of the Beatles.

  2. CHP Potential in Indian Industrial Sectors

    production of electricity and thermal energy through a technology integration comprising a boiler/ steam turbine or 100% biogas engine. The distilleries can generate steam at desired pressure and temperature to meet their process requirements and produce electricity for captive use or for export.

  1. Nottingham Lace Market

    I then recorded this data in a bar chart to make it clearer to compare the differences in land use between the five streets studied. Another set of data I collected was the overall land use in the Lace market, for example, the percentage of buildings that were offices or housing etc.

  2. Case Studies - Population, Settlement, Industry and Environment

    Queensland, Australia-Causes, Impacts, and Responses to floods in MEDCs Causes: * Heavy Rainfall-Tropical Cyclone Tasha and strongest La Nina event since the late 19th century meant that there was a lot of rainfall, leading to the flooding. * Steep slopes in upper course-Rivers affected were the Fitzroy river, the Burnett

  1. Relation of Peoples Lifestyle and the Climate. Case Study of India.

    India homes more than 1 billion people. Climate change might not affect the rich ones but is surely going to affect the middle class family and the poor ones. If the production of any food goes less, the price will increase which means that the poor ones can buy very little to eat.

  2. Water Resource Management Challenges In the Republic of Niger And Indiana of the United ...

    Challenges in the Republic of Niger The challenges of water resources management in Niger are unbelievable. As everyone knows, Niger is one of the least developed countries. Also, it is an inland country, which located at the south part of Sub-Saharan Africa.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work