Globalisation and Power Shift to Emerging Economies: The Case Study of India
Parmar, Puneet 2013. Globalisation and Power Shift to Emerging Economies: The Case Study of India. Masters Thesis University of East London Royal Docks Business School
2013 dissertation for MSc in International Business Management. Selected by academic staff as a good example of a masters level dissertation.
The BRIC (Brazil, Russia, India and China) countries are emerging at a very high pace and many academics are predicting that these countries will be the next global superpowers by replacing the current global economic order namely the G7. Globalisation is seen as a key, if not, the driving force behind BRIC countries becoming global players. Goldmann & Sachs predicted that India will be by 2050 India will be a superpower. This work will show that globalisation has helped India shape new international markets and has given new challenges to the current economic order. In this explorative work the author will show that India is fulfilling the predictions that the nation with an estimated population of 1 billion plus; that gained independence in 1947 – is now more than challenging developed economic powers. Nonetheless, the future is difficult to predict and India faces many challenges both internal and external to replace developed super economies in at least the author’s lifetime. Although globalisation may have promoted greater economic convergence it is not any solution to India’s poverty and social inequality. This work will assert that the country requires its leaders and government to offer its citizens good decent education, training and employment – not merely to the middle classes and affluent base but more so to the rural masses. This is an untapped economic super-base, the figures range from 200 million to 300 million who are illiterate and do not have basic education; however once nurtured and developed will be a powerful unstoppable force that will be the envy of any nation on the planet.
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|Deposited||11 Nov 2013|
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