India: Its journey from poverty to wealth

Thèmes abordés

India, poverty, wealth, development, emerging countries

Résumé du document

Nowadays, we observe considerable geographic extension of exchanges and an increasing development concerning the economic, financial and cultural sectors. This phenomenon is called the globalization process and concerns developed and emergent countries. Even though lots of inequalities between a dominated South and a dominating North can be observed, the latter is witnessing significant economic growth due to liberalization and foreign capital. India can be considered a new emerging country with a skilled workforce, undergoing a massive urbanization process and attempting to catch up with the industrialized countries. Yet, is India's situation really enviable? Will the process of globalization lift India from its poverty? To answer this question, we will study the international gap between the 'haves' and the 'haves not', which is noticeably reducing thanks to globalization. However, as we shall later see, disparities continue to persist on a national scale.

Extraits

[...] The first one is situated from Boston to Washington, the second one, the Japanese megalopolis sprawls from Tokyo to Kita Kyushu, and then the European megalopolis, from London to Northern Italy. A Dominated South This appellation refers to all countries which are less developed, less industrialised than the ones located in the Metropolitan Archipelago. Yet, there are lots of inequalities between them. It means that some of the emerging countries have a significant economic growth thanks to economic liberalization and foreign capitals. Even though they are more integrated in the international economy they still are dominated. [...]

[...] Is this long method will conduct it from poverty to wealth? So as to answer this question, we are going to study the international gap between the haves and the haves not. Then, we will notice that it is to be reduced thanks to globalisation process. Finally, we will see that, on a national scale, disparities are persisting. Document is an article, which appears in the Economist, a British weekly newspaper, on 3 June 2006. It is entitled India and deals with emerging countries' growth, as India and China, in a globalisation background. [...]

[...] and increase on a national scale The Worldwide Consumption standardization Document 2 is a cartoon in which we can observe two characters. At first sight, one of the two men catches our attention on account of his stoutness. Indeed, he is bigger and taller than the other one. His head is enormous and quite disproportionate to the rest of his body. He is working on his computer. On the screen we can see several graphics which represents India's economic and financial situation. [...]

[...] What's more he owns a cell phone, a laptop and an earphone. All this tends to prove he is quite rich. Indeed, a caption “Don't worry be yuppy!” indicates he is a young professional person who lives in a city and earns a lot of money; that's why he can buy some conspicuous consumption objects. This Indian man must work at a financial market, or must be a trader. Thanks to metropolises networks, the elite of every nation has the same way of life, is interested in the same activities: sightseeing, museums, art, gastronomy Even though they don't live in the same countries their conditions of life are equal. [...]

[...] is being reduced thanks to globalisation What is globalisation process? Globalisation is a geographic extension of exchanges and the fact that all economic sectors are concerned (primary, secondary, tertiary sectors). The capitalism system allows spaces and humans' integration, on a worldwide scale on account of economic, technical, cultural changes. Thanks to capital, financial, human flows, trade is increasing, with goods, manufactured products. It proves that much States all around the world, developed ones or emerging ones become interdependent. They create a huge network which helps the whole world to function. [...]