However, many other people hold the view that Intercultural marriage is the product of economic globalization, and it’s also an inevitable social trend, and which is beneficial rather than harmful. I am in favor of the latter and believe that Intercultural marriage will have more advantages than disadvantages. Those who are the Intercultural marriage argue that the Intercultural marriage will bring about serious consequences. According to the relevant media reported online: the Intercultural marriage is not for
The study utilizes the autoregressive distributive lag model while adopting the augmented dicky fuller test for the elimination of unit root to analyze the impact of the economic, social and political dimensions of globalization on economic growth in Pakistan. Their findings show that in the long run economic globalization has a positive impact on economic growth; the impact of social globalization is negative while that of political globalization is insignificant. In the short run they discovered that economic globalization has a negative relationship with growth at lag 1, with social globalization also showing a negative relationship while political globalization has no relationship with growth. They therefore recommend the formulation of policies that will foster
Because some people argue that globalization help poor countries to become economically good state & make their living standards improve ,while others arguing that the creation of the free market concepts enable developed countries to make more money at the expense of poor countries resources, labour & cultural unbalances. So some part of the world helping globalization concepts & others resisting the concepts of globalizations, Actually most of them trying to see a balance between pros & cons of the globalization for example governments trying to manage the trading concepts based on the governmental objectives by creating new
Tharoor states that India dwells in the satisfaction as a better storyteller and also basks in glory achieved through democratic ideologies and the economic growth potential. , However, it has a gap between its capacities and capabilities in both regional and global level due to this. Wagner asserts that India is a defensive soft power as it is soft power by default. It is so in the sense that it ‘does not promote its political model abroad and uses soft power to attract foreign investors rather than exert influence elsewhere’. This trend has made some other scholars like Jacques E. C. Hymans (2009) observe that some attributes of India’s soft power may be also be its ‘soft vulnerability’.
Peter Newell (2002, pp, 15~24) pointed out political institutions such as World Trade Organisation (WTO) should slow down the rapid growth of the globalisation. This idea can be used in discussion part as a political suggestion for costs of globalisation. Moreover, Suzanne Berger (2000, pp.43~46) asserts transnational corporations have whole control of the world market. This is caused by globalisation. Lowered barriers enable multinational companies to control developing countries.
The most prominent theories in explaining development are economic liberalism, classical Marxism and the underdevelopment position. There are more theories to account for the economic development but I chose to use these three major ones. The economic liberalists believe that, “the world economy is beneficial factor in economic development; interdependence and economic linkages of advanced economies with less developed economies tend to favour latter societies…through trade, international aid and FDI, the less developed economies acquire export markets, capital and technology required for economic development” (Gilpin, 1987: 267). The Pearson Report, Partners in Development1969 argued that, “Although the world economy can help or hinder the development through the diffusion process…the most important factor affecting economic development is the efficient organization of the domestic economy itself”
Economic life has been transformed dramatically by the advances in information technology. However, globalization is controversial. The proponents of globalization claim that it gives an opportunity to the poor countries to grow and develop economically. On the other hand, opponents claim that free market has benefitted multinational corporations at expense of the local people, culture and enterprises. The management concepts create a significant
GLOBALISTION AND ITS IMPACT ON INDIAN SOCIETY Abstract Introduction Globalisation Globalisation can be summarised as the result of integration of the various economies of the world to create a more liberalised, interdependent and unrestricted platform for the flow of capital, labour and finished goods. The world is getting smaller and boundaries are becoming invisible with the increased cultural, social and financial mobility. It is important to relate the global reforms with the society because it proves to be the only parameter that initiates changes according to its need and later bear the consequences. Society On a broader level society can be considered as the group of people living and interacting together in more or less ordered
Without economic development, any potential for political openness and freedom will be questionable. -Jose Maria Aznar The economic liberalisation in India refers to the economic liberalisation, initiated in 1991, of the country 's economic policies, with the goal of making the economy more market and service-oriented and expanding the role of private and foreign investment. Liberalisation Liberalisation refers to the slackening of government regulations. The economic liberalisation in India denotes the continuing financial reforms which began since July 24, 1991. Privatisation and Globalisation Privatisation refers to the participation of private entities in businesses and services and transfer of ownership from the public sector (or government) to the private sector as well.
As Raymond Burrows (1930) remarks, “Planning as a modern panacea is as perplexing to a pedant as it is popular to a protagonist”. Planning is beneficial for both the developed and underdeveloped countries for the developed countries to maintain or accelerate growth already achieved and for underdeveloped countries to overcome poverty and to raise the standard of living. Unless the underdeveloped countries wake up and follow the planning, they will be left far behind in the race of economic well-being.  National Planning Commission of India- “Planning under a democratic system may be defined as the technical co-ordination, by disinterested experts, of consumption, production, investment, trade and income distribution, in accordance with