Asian Journal of Research in Business Economics and Management
Year : 2012, Volume : 2, Issue : 4
First page : ( 160) Last page : ( 175)
Online ISSN : 2249-7307.

India's key policy commitments: Capturing gains from trade

Tiwari Munish Kumar, Assistant Professor

Anand Engineering College, Agra.

Online published on 10 April, 2012.

Abstract

Globalization creates unprecedented new opportunities and risks. If the poorest countries can be drawn into the global economy and get increasing access to modern knowledge and technology, it could lead to a rapid reduction in global poverty – as well as bringing new trade and investment opportunities for all. But if this is not done, the poorest countries will become more marginalized, and suffering and division will grow. And we will all be affected by the consequences. In order to make globalization work for the poor we need not just strong and vibrant private sectors, but also effective governments and strong and reformed international institutions. We need to work collectively to tackle the problems of conflict and corruption, boost investment in education and health, spread the benefits of technology and research, strengthen the international financial system, reduce barriers to trade, tackle environmental problems and make development assistance more effective. This Paper sets out the INDIAN Government's policies in all these areas

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Keywords

Globalization, OECD, G8, World Bank, IMF & International Development.

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