Month: January 2008

The effect of Globalization Published in the Business Journal - “The Minister”, MOP Vaishnav College for Women Rapid growth in world trade, foreign direct investment and cross-border financial flows is a sign of increased globalization of the Indian and World economy. The worldwide wave of economic liberalization driving these changes has raised significant apprehensions about the implications of globalization for employment and income inequality. In discussing the impact of globalization on Indian workers the government of India brought a critical focus not only on how various groups in India have viewed globalization but also how informal sector workers themselves have positioned themselves in their struggles to improve their lives. Within a large segment of the Indian Left, globalization is seen as a tool of imperialism and of the West which…

A new venture in India Published in the Business Journal - “The Minister”, MOP Vaishnav College for Women In his book Wealth of Nations, Adam Smith, wrote that "a true wealth of a nation is measured not by how much gold it possesses but by what it can produce". By this yardstick biotechnology is an unprecedented revolution through which the world's hunger can be eliminated by creating a new market space, particularly in India. It is true that information technology has contributed much to India's economic strength in the 1990s, but if the country is to get its due place in the comity of nations it has to create another market. This is why the Tenth Plan stresses biotechnology-based national development. Scientifically, the biotech industry has reached a watershed: The…