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

Globalisation in India

Extracts from this document...


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.


(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.


"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

    The country structured their government on a democratic model. Yet it wasn't till 1992 when the United State closed its last military instillation. The United States and democracy, from the 1950?s till the 1990?s, were threatened by the spread of communism.

  2. Geography Fieldwork looking at the Gentrification of Brighton.

    The function of a shop describes either what it is selling, or what it does, e.g. restaurant, computer shop, bank etc. It is appropriate because it shows whether a threshold population for certain services exist and when gentrification happened. This can be used in conjunction with the questionnaires to give a more accurate date for the start of gentrification.

  1. Farming Systems

    and producing too much food * Milk Quotas- limited the amount of milk each farmer was allowed to produce, and set fines for milk produced over this limit * Set aside- the EU pays farmers a subsidy to leave land uncultivated to reduce overall production THE GREEN REVOLUTION * Partly

  2. Geography Project GCSE

    MATHEMATICAL * How to construct relevant hypothesis in relation to the topic being studied within Geography Coursework; comparing two shopping centres within the South-East London shopping hierarchy, and gather relevant data in order to validate and or invalidate the hypothesis within the analysis of the hypothesis * The Mathematical formula allowing the Spearman Rank to be calculated efficiently: ?

  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. Case Studies - Population, Settlement, Industry and Environment

    Those surviving have been forced into reserves, and those who resist are killed. * Soil Erosion occurs as there are no plants in the ground to intercept rainfall, or to absorb water. There is also less humus in the soil to bind it, so soil erosion occurs.

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

    People?s lifestyle has a great effect towards climate. So the people also have to act against it. If people don't change their lifestyle now they might have to make a drastic change in their lifestyle later. So making a simple change in lifestyle could mean a great benefit later.

  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