Implications Of Globalisation

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There are at least three general notions of globalisation. (Eugenio Diaz-Bonilla and others, May 2002) First, globalisation refers to the multiplication and intensification of economic, political, social and cultural linkage among people, organisations and countries at the world level. A second dimension is the tendency towards universal application of economic, institutional, legal, political and cultural practices. A third meaning of globalisation is the emergence of significant spill-over to the rest of the world coming from the behaviour of individuals and societies. (Eugenio Diaz-Bonilla and others, May 2002)
The economist Rupa Chanda has indicated that the healthcare sector is among the most rapidly growing in the world economy, and globalisation of health services is reflected in the growing cross-border delivery and in increasing numbers of joint ventures. Smith indicates the evolution in the 1990s of new collaborations between Indian companies and multinational corporations such as Gleneagles based in Singapore, Royalton Medical Management based in Montreal, and Jardine Insurance from the UK. In a subsequent paper Smith et al. report on the situation since 2000 in which India has allowed FDI in hospitals up to 100%, and they estimate that 90 FDI projects were approved (21 hospitals, 69 diagnostic centres) between 2000 and 2006, for a total US$53 million. However, Chanda argues that increased FDI inflows have been impeded by regulatory and structural impediments in

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