Buy custom How Economic Reforms Have Affected Globalisation In India
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Business
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- The ex-governor of the Reserve Bank of India(RBI) – Mr. Bimal Jalan stated in one of his speeches, that it is crucial in which sense the word globalization is used(www.bimaljalan.com):
o “The word may be used in a purely descriptive sense to describe‘shrinkage’ of distance among nation states due to technological changes in transport and communication and closer integration of product and financial markets across the world...
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In yet another sense, the word may also represent a "globalisation of ideas or ideology" and may be used as a synonym for triumph of capitalism or dominance of unfettered markets.â€
o “The factual and descriptive sense in which the word is used, i.e. the technological changes, and associated policy changes, that have brought the world economies closer and made them more integrated with each other...
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