Understanding Globalisation And Emerging India

Contents: Liberalization and Role on the Bureaucracy, The Emerging, Non- Emerging and III-emerging Trends in the Legal Arena, Challenges to Democracy in India, Can India Emerge as a Super Power?, India as a Super Power in the New Millennium, Emerging India: Challenges in External Debt, Human Poverty in India, Globalization, Value Addition for Services, Foreign Institutional Investors (FIIs) Portfolio Investment Trends in Indian Capital Market, Gender and the Development Debate, National Policy for the Empowerment of Women 2001, Practical and Strategies Gender Needs, Emerging India, Role of Women Entrepreneurship in the Indian Context, Do Women Enjoy Real Freedom in India?, Women Power as Strategic Strength, The Role of Information Technology in Emerging India, Evolution and Growth of Cyber Knowledge, Career Options in IT Enabled Services, Information Technology for Rural India, e-Seva, Information Technology in Hospitals, Information Technology in Education, Business Process Outsourcing, BPO, Offshore Outsourcing, Business Process Outsourcing, Knowledge Management, Knowledge Management in Academia.

Since the last decade of twentieth century, India has strived for an experienced and unprecedented economic turn-around. The country has witnessed a structural shift in GDP growth, propelled largely by new investments and the growth of the value enhancing services sector. Globally, these efforts are not only source of appreciation but also of assumption for many that India increasingly being seen as part of new axis of influence in the world. Long established three-headed social problem—poverty–illiteracy–unemployment—remains the biggest stumbling block for a post-colonial country like India. New sets of problems have taken shape in the last quarter of twentieth century when policy makers and market participants have prioritized economic activities for short-term gains. In context of the above, Center of Associates for Sociological Studies and Action undertook to bring out to the fore oft-neglected inter-disciplinary discussions and analysis in fifteen articles to examine the process of globalization in India taking insights from economics, political science and international relations, sociology, cultural anthropology, social ecology, management and cultural studies. It discusses the impact of the process of globalization on social institutions like marriage, family, economy, politics, education and religion. The book is intended for postgraduate students and research scholars. It provides readers with a clear perspective about creating economics, environmental and social capital that can produce multiplier effect for making national progress more inclusive and sustainable.

This book analyses key elements of the trade performance of the so-called BRIICS: Brazil, Russia, India, Indonesia, China and South Africa, in relation to the rest of the world, focusing on trade and other policies influencing that performance. It also presents a separate chapter for each country.

Focusing on the dynamics of emerging markets, this informative book provides both an academically rigorous but also business-oriented analysis of the key issues inherent in Emerging markets (Ems)

This book offers an analysis of external dimensions of an emerging economy, India, in the backdrop of neoliberal globalisation. External dimensions of Indian economy signify her inter-relation with the rest of the world in terms of trade and financial flows and how that affects the development process within the country in the age of neoliberal globalisation. It is based on non-mainstream unorthodox approach in Economics and as such is a critique of the mainstream neoclassical position on current neoliberal globalisation. The contents of the book can be classified into as follows - (1) India's external dimension in the colonial period through the trade route ; (2) concerns with India's balance of payments transactions in terms of illegal flows, (3) political economy of development planning in the present era of globalisation, (4) capital flows as it affect the India's external front, (5) Indian industries under the TRIPs regime, (6) regional economic integration of India and (7) foreign capital flows in India during the liberalisation period. The entire book is an attempt to decipher the meaning and significance the process of globalisation produces for the real economy of India. The uniqueness of the book is that in one place one can find different unorthodox positions dealing with the external dimensions of emerging India, which cannot be found in any other book.

In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital flows augmented in relevance thereafter. Initially economic authorities accurately responded to the challenge, but unconventional monetary policies in the US began to create important spillovers in EMEs. Furthermore, in contrast to a previous surge in liquidity, funds were now transmitted to EMEs throughout the bond market. The perspective of an increase in US interest rates by the FED is generating a reversal of expectations and a sudden flight to quality. Emerging countries’ currencies began to experience higher volatility levels, and depreciation movements against a newly strong US dollar are also increasingly observed. Consequently, there are increasing doubts that the “unexpected” favorable outcome observed in most EMEs at the aftermath of the Global Financial Crisis (GFC) would remain.