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International Research Journal of Finance and Economics ISSN 1450-2887 discipline 5 (2006) © EuroJournals Publishing, Inc. 2006 http://www.eurojournals.com/finance.htm Impact of Globalization on ontogenesis Countries (With Special Reference To India) Krishn A Goyal Department of Management Birla ground of Technology, International Center Waljat Colleges of Applied Sciences, Muscat P. Box-197, PC-124, Rusayl, Muscat, Oman E-mail: kagoyala@gmail.com sound 00968 92373238 Abstract The growing integration of economies and societies around the world has been unitary of the most hotly-debated topics in international economics over the past tense few years. Rapid growth and poverty reduction in China, India, and other countries that were poor 20 years ago, has been a confident(p) aspect of Liberalization Privatization and Globalization (LPG). But Globalization has excessively generated significant international opposition over concerns that it has increased dissimilarity and environmental degradation. There is a need to study the touch of globalization on developing countries from the viewpoint of inward contrary direct investment.

Attention should also be focused on the role which some developing countries, particularly from parts of Asia and Latin America, are playing as initiators of globalization through their give MNCs. India opened up the economy in the early nineties following a major crisis that led by a foreign exchange crunch that dragged the economy close to defaulting on loans. The response was a slew of Domestic and external vault of heaven policy measures partially prompted by the immediate needs and partly by the demand of the multilateral organisations. The new policy regimen radically pushed forward in favour of a more(prenominal) open and market oriented economy. This paper explores the contours of the on-going process of globalization Liberalization and privatization. Throughout this paper, there is an underlying focus on the continue of LPG on Indian economy. It also comments on impact of LPG on... If you want to get a full essay, order it on our website: Ordercustompaper.com

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