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Discuss the positive and negative impact of globalisation with reference to two contrasting countries. (India and the United Sta - Essay Example

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Discussion of the positive and negative impacts of globalisation in India and the United States BY YOU YOUR SCHOOL INFO HERE DATE HERE Discussion of the positive and negative impact of globalisation in India and the United States Introduction Globalisation is best defined as: “a set of economic, social, technological, political and cultural structures and processes arising from the changing character of the production, consumption and trade of goods and assets that comprise the base of the international political economy” (unesco.org, 2011, p.1)…
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Discuss the positive and negative impact of globalisation with reference to two contrasting countries. (India and the United Sta
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"Discuss the positive and negative impact of globalisation with reference to two contrasting countries. (India and the United Sta"

Download file to see previous pages This essay identifies the positive and negative impacts of globalisation as they pertain to India and the United States. India India is considered a developing economy that has recently experienced explosive gains in relation to skilled labour provision and development along with a boastful technological prowess (samachartoday.com, 2011). Much of this positive growth in technological know-how seems to stems from market opportunities that provide the country with increased foreign direct investment as it has been identified as a need to sustain growth in India (business.rediff.com, 2010). According to Yusuf, Altaf & Nabeshima (2004), foreign firms have been looking for new market potential in this developing nation and have been willing to invest considerable capital into assisting the country in further technological developments. These interested firms in areas of sales and marketing and finance have assisted in raising capital for domestic Indian firms and provided considerable labour-related expertise in multiple industries (Yusuf, et al). Globalisation is the catalyst for these improvements as foreign firms look for developing marketplaces to distribute their products. Higher demand in global automotive consumption has also improved the infrastructure of Indian business, thus giving the country more opportunities to improve their own transportation network. Since many of these demanding consumers hail from geographically-close regions, such as China, India now has opportunities to expand their port system to improve the delivery efficiency and supply chain capabilities for automotive companies and related industries. India, in order to meet this demand and earn higher profit through the transportation system, has created a dedicated port terminal that increases the speed by which automotive products are off-loaded, thus making India an ideal location for supply chain-related distribution (portstrategy.com, 2008). Globalisation in relation to global consumer sales has given India considerable advantages and better relationships with automotive manufacturers worldwide. Meanwhile, India has improved its educational infrastructure as well, thus providing its labour pool with more talent as it is related to technology and software development (Commander, Chanda, Kangasniemi & Winters, 2008). Much of these improvements were built on the foundation of American and European outsourcing efforts in relation to call centre development that evolved over time (Warne, 2011). As the government witnessed better increases in job opportunities, thus creating more disposable consumer income, more funds from political forces have been invested into improving educational capacity within the country. However, despite all of these improvements, India has some drawbacks in relation to the impact of globalisation. The foreign funds flooding the country from interested direct investors has made the government somewhat lax in identifying new opportunities and remained dedicated to capital gains. What this has created is a drop in stock value for companies not related to finance and capital growth, thus weakening the financial position of certain industries (Merchant, 2006). India is not ...Download file to see next pagesRead More
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