Effects of the policies of developed and developing countries on India’s interest

Effects of the policies of developed and developing countries on India’s interest

Impact of globalization on india

Globalization helps developing countries to deal with rest of the world increase their economic growth, solving the poverty problems in their country. In the past, developing countries were not able to tap on the world economy due to trade barriers. They cannot share the same economic growth that developed countries had. However, with globalization the World Bank and International Management encourage developing countries to go through market reforms and radical changes through large loans. Many developing nations began to take steps to open their markets by removing tariffs and free up their economies. The developed countries were able to invest in the developing nations, creating job opportunities for the poor people. For example, rapid growth in India and China has caused world poverty to decrease.

China and india’s development strategies

China and India have become global economic powers. Even at the market exchange rate, China overtook Japan in 2010 as the second largest economy. China’s trade and financial activities, India’s emergence as a technology and innovation hub, and both countries’ commerce and investment interactions with other developing nations have been covered extensively in all forms of media. They are regarded as economic and political drivers of the international economy, particularly in the trade arena and global governance. Their economic engagement with developing countries and regions entails interactions in the areas of labour, human rights, international relations, security, and environmental sustainability. The potential threats are mostly associated with trade and financial flows, and with the social and political implications of China’s financial outflows. Nevertheless, in the midst of the recent global economic crises, China and India’s demand for developing country goods proved to be a cushion to the declining flows of resources from advanced nations. China and India influence global economic and political dynamics, and can provide alternative sources of development assistance for developing countries. They can also provide a number of potential lessons for other developing countries, three of which are highlighted in this article: absorption of surplus labour, raising of domestic and foreign investment, and support for R&D.

India’s neighbourhood and it’s impact on india

The South Asian region is also full of contradictions, disparities and paradoxes. In the post-colonial period, the South Asia has been a theatre of bloody inter-state as well as civil wars; it has witnessed liberation movements, nuclear rivalry, military dictatorships and continues to suffer from insurgencies, religious fundamentalism and terrorism, besides serious problems associated with drugs and human trafficking. The region also has the dubious distinction of having over 540mn people who earn less than $ 1.25 a day and account for 44% of developing world’s poor. The region has produced several powerful female leaders and yet in the overall much remains to be done for the empowerment of women. On the barometer of religious tolerance, the constituent countries range anywhere between flexible secular minded and rigidly fundamentalist.

The South Asian Association for Regional Cooperation (SAARC) has remained in existence for over 27 years; yet South Asia is considered as the least integrated of