abhishreshthaa
Abhijeet S
importance of GLOBALIZATION AND ITS VARIOUS ASPECTS ..
About Globalization:
What is Globalization:
DEVELOPING COUNTRIES TOWARDS GLOBALIZATION:
THERE ARE FOUR ASPECTS OF GLOBALIZATION
DOES GLOBALIZATION INCREASES POVERTY AND INEQUALITY:
HOW GLOBALIZATION SUPPORTS POOR COUNTRIES TO GET RICH:
CRISIS - CONSEQUENCES OF GLOBALIZATION:
WHAT IS GLOBALIZATION ACCORDING TO PRIME MINISTER. MANMOHAN SINGH:
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About Globalization:
- THE TERM GLOBALIZATION HAS ACQUIRED TREMENDOUS EMOTIVE FORCE
- GLOBALIZATION OFFERS EXTENSIVE OPPURTUNITIES FOR TRULY WORLDWIDE DEVELOPMENT BUT IT IS NOT PROGRESSING EVENLY
- THE OPPURTUNITIES OF GLOBALIZATION DID NOT COME WITHOUT RISKS
What is Globalization:
- IT IS A RESULT OF HUMAN INNOVATION AND TECHNOLOGICAL PROGRESS
- IT REFERS TO THE INCREASING INTEGRATION OF ECONOMIES AROUND THE WORLD, PARTICULARLT TROUGH TRADE AND FINANCIAL FLOWS
- GLOBAL MARKETS OFFER GREATER OPPURTUNITIES FOR PEOPLE TO TAP INTO MORE AND LARGER MARKETS AROUND THE WORLD
DEVELOPING COUNTRIES TOWARDS GLOBALIZATION:
THERE ARE FOUR ASPECTS OF GLOBALIZATION
- TRADE
- MOVEMENT OF PEOPLE
- SPREAD OF KNOWLEDGE AND TECHNOLOGY
- CAPITAL MOVEMENTS
DOES GLOBALIZATION INCREASES POVERTY AND INEQUALITY:
- GLOBAL AVERAGE PER CAPITA INCOME GREW STRONGLY BUT WITH CONSIDERABLE VARIATIONS AMONG COUNTRIES
- HUMAN DEVELOPMENT INDICATERS (HDI) THAT TAKE EDUCATION AND LIFE EXPECTANCY INTO CONSIDERATION
- THE INCOME LEVELS OF TODAYS POOR COUNTRIES ARE STILL WELL BELOW THOSE OF THE LEADING COUNTRIES IN 1870
HOW GLOBALIZATION SUPPORTS POOR COUNTRIES TO GET RICH:
- MACROECONOMIC STABILITY
- OUTWARD ORIENTED POLOCIES
- STRUCTURAL REFORM
- EDUCATION TRAINING, RESEARCH AND DEVELOPMENT
- EXTERNAL DEBT MANAGEMENT
CRISIS - CONSEQUENCES OF GLOBALIZATION:
- SUCCESSION OF CRISES IN 1990’S IN MEXICO, THAILAND, INDONESIA, KOREA, RUSSIA AND BRAZIL
- THESE CRISES WERE A RESULT OF SHORTCOMINGS IN NATIONAL POLOCIES AND INTERNATIONAL FINANCIAL SYSTEM
WHAT IS GLOBALIZATION ACCORDING TO PRIME MINISTER. MANMOHAN SINGH:
- GLOBALIZATION IS BOTH AN OPPURTUNITY AND CHALLENGE
- FOR INDIA TO BE MORE ENGAGED WITH THE WORLD, WE NEED AN INFORMED INDIAN VIEW OF WORLD EVENTS AND AN INDIAN PERSPECTIVE ON GLOBAL TRENDS
- THERE IS MUCH MORE WE CAN DO TO DRAW ON GLOBAL SAVINGS AND TO TAP GLOBAL MARKETS
- WE WOULD LIKE TO MAKE GLOBALIZATION A WIN-WIN GAME
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