How has globalization affected agriculture and environment in india?
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India embarked on a path of liberal economic reform in the 1990s after years of nurturing an intensively regulated and controlled economic environment that was loosened slightly in the mid-1980s. The most important and critical segments of this reform were trade and foreign investment. India has felt the impact of globalization through increased prosperity, partly triggered by increasing trade volumes, investment, and growth. The theme of this article is to make readers aware of the impact of international trade and foreign direct investment (FDI) on climate change with special reference to the Indian economy.
Scholarly work on trade, FDI, and the environment in India with rich theoretical insight and solid empirical evidence is scarce. However, there is a good amount of work on general environmental issues. Our hypothesis is that trade liberalization has not directly or substantially affected carbon dioxide (CO2) emissions. However, it has probably had greater effects through its impact on gross domestic product (GDP). In other words, we impress upon readers that the direct impact of trade and FDI on environmental conditions is less of an issue compared to the indirect effects through the positive impact on GDP growth and resultant prosperity. We also emphasize that enforcing regulations is a complex task given corruption, informal markets, and the inability of citizens to cooperate and form effective lobbies.
Scholarly work on trade, FDI, and the environment in India with rich theoretical insight and solid empirical evidence is scarce. However, there is a good amount of work on general environmental issues. Our hypothesis is that trade liberalization has not directly or substantially affected carbon dioxide (CO2) emissions. However, it has probably had greater effects through its impact on gross domestic product (GDP). In other words, we impress upon readers that the direct impact of trade and FDI on environmental conditions is less of an issue compared to the indirect effects through the positive impact on GDP growth and resultant prosperity. We also emphasize that enforcing regulations is a complex task given corruption, informal markets, and the inability of citizens to cooperate and form effective lobbies.
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