Transcription of CHAPTER 4 : GLOBALISATION AND THE INDIAN ECONOMY
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CHAPTER 4 : GLOBALISATION AND THE INDIAN ECONOMY
NOTES FOR THE TEACHERMost regions of the world are getting increasinglyinterconnected. While this interconnectednessacross countries has many dimensions cultural, political, social and economic thischapter looks at GLOBALISATION in a more limitedsense. It defines GLOBALISATION as the integrationbetween countries through foreign trade andforeign investments by multinationalcorporations (MNCs). As you will notice, the morecomplex issues of portfolio investment have beenleft we look at the past thirty years or so, wefind that MNCs have been a major force in theglobalisation process connecting distant regionsof the world. Why are the MNCs spreading theirproduction to other countries and what are theways in which they are doing so?
globalisation. To what extent has globalisation contributed to the development process? This section draws on the topics covered in Chapters 1 and 2 (for example, what is a fair development goal), which you can refer to. Also, examples and activities drawn from the local environment are a must while discussing this section. This might
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