What is globalization, Macroeconomics

what are its effects on the Indian economy?

Ans) It is largely positive. Globalization has brought a lot of jobs and large sums of investment to India. India's economy has been growing at exceptional rates for the past various years and many new opportunities have opened up for India. Yet, India does remain rather poor. Its GDP per capita is less than $2,000, a fraction of the GDP per capita found in some Latin American and Eastern European nations. Most of those who profit from globalization in India are the upper classes, with a lot of in the lower classes being displaced and suffering from miserable labor conditions. Nonetheless, globalization has make a large economic boom for India with largely positive effects Describe economics on the welfare and scarify of resources

 

 

Posted Date: 4/1/2013 3:26:18 AM | Location : United States







Related Discussions:- What is globalization, Assignment Help, Ask Question on What is globalization, Get Answer, Expert's Help, What is globalization Discussions

Write discussion on What is globalization
Your posts are moderated
Related Questions
Q. What is Investment demand? Investment demand  Investment I(r) is assumed to be negatively related to the real interest rate r Total dema

What factors find out the price elasticity of demand? Factors which determine the price elasticity of demand are: a. Whether close substitutes are accessible b. Whether t

If population growth is greater than the growth of real output, A. real per capita Gross Domestic Product (GDP) growth will be less than the growth of real Gross Domestic Product

Marginal Propensity to save  (MPS)  is the ratio of change in total saving to change in total disposable income. Symbolically,     MPS = ?S/?Y For example, total

A firm with two factories, one in Michigan and one in Texas, has decided that it should produce a total of 500 units to maximize profit. The firm is currently producing 200 units i

Consider a market where supply and demand are given by QXS = -18 + PX and QXd = 90 - 2PX. Suppose the government imposes a price floor of $41, and agrees to purchase any and all un

Consider an economy that produces only three types of fruit: apples, oranges & bananas. In the base year the production & price data are as follows: Fruit

After an oil price shock was impacted upon the other five variables in the model, many interesting results were found. I have already demonstrated that oil Granger causes i

Because discretionary Income = the money people have left over once they have paid for all of their basic needs (Food, Clothing, Shelter). You could also call it Disposable Inc

In "Kitchen Nightmares", Chef Gordon Ramsa visits struggling restaurants and gives the owners of the restaurant a number of recommendations intended to reverse the restaurant's pro