The impact of globalization on Indian agriculture.
Answers
Answer:
Due to globalization there is a very big impact on our farmers. Because the foreign crops and food grains are cheap compared to the Indian crops, the Indian market owners buy foreign crop. This causes the Indian farmers to sell their crops at whatever price the market owners say. hope you like
Answer:
4.1 Globalization:
Globalization is the process of merging of different countries and accomplishments through advanced foreign trade and foreign investment. Globalization also refers to increased possibilities for actions happenings between and among people in situations where latitudinal and longitudinal position seems unimportant. Region is the sense of a traditional sense of a geographically identifiable location no longer constitutes the whole of social space in which human activity takes places. In the term, globalization refers to the broadening of new forms of non-regional social activity (Ruggie, 1993; Scholte, 2000).
Globalization refers to a lay down of processes that increasingly make the parts of the world interdependently incorporated. It is a historical process, and the result is the human innovation and the technological progress. It refers to increasing integration of economies around the world, particularly through trade and financial flows. (Robert and Hite page 16)
Many people view globalization in different ways. Some view it as a process that is beneficial and a key to future of world economic development and also certain and irreversible. Some people view it with enmity, even fear, believing that it increases inequality within and between the nations; it threatens employment and living standards of the people. Globalization offers wide-ranging opportunities for truly worldwide development but the fact is that it is not progressing evenly. Some countries are becoming integrated into the global economy more quickly than others.
4.2 Globalization on Indian Agriculture Sector:
The term “Globalization” has been widely used in the last fifteen years. It is a
Notorious term and has been clearly defined in several ways. Globalization clearly specifies that the world today is more interrelated than before. Globalization in its basic economic sense refers to the acceptance of open and unregulated trading markets through various processes. Large volumes of money improvement, increased volumes of trade, changes in information technology and communication are all integral to the global world. And also there is a significant movement of people from one country to another for trade and work. Such increases in the movement of goods, labor, and services have diluted national barriers and restrictions that are imposed by a nation or state. In the past two decades, economic Globalization has been the driving force behind the overall process of globalization.
Here is what a Nobel Laureate and Economist has to say:
Global interaction, rather than loneliness, has been the basis of economic progress in the world. Trade, by the side of relocation, communication, and propagation of Scientific and technical knowledge now has helped to break the dominance of rampant Poverty and the pervasiveness of lives that characterized the world. Despite all the progress, life is still severely nasty and short for a large part of the world population. The great rewards of globalized trade have come to some, but not to many.”(Amartya Sen, Foreword, Make Trade Fair, Oxfam 2002)
Effects of Globalization:
According to economists, there are a lot of global events connected with globalization and integration. To categorize the changes brought by globalization are
Improvement in trade globally.
Progress in the technology.
Increasing Influence of the Multinational Companies in the country.
Power of the WTO, IMF, and WB.
Greater Mobility of Human Resources across the Countries.
Greater Outsourcing of Business Processes globally.
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