Unit-29 Context of Indian State

Unit-29 Context of - UNIT 29 GLOBALISATION AND LIBERALISATION Structure 29.0 Objectives 29.1 Introduction 29.2 Globalisation Meaning and Approaches

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UNIT 29 GLOBALISATION AND LIBERALISATION Structure 29.0 Objectives 29.1 Introduction 29.2 Globalisation: Meaning and Approaches 29.2.1 Meaning 29.2.2 Characteristics 29.2.3 Approaches 29.3 Globalisation and World Systems 29.3.1 The World Systems: Capitalist, Socialist and Mixed Economy 29.3.2 Transformation of the World Systems under Globalisation 29.3.3 Regionalisation of Trade and Investment Flows 29.4 Liberalisation 29.4.1 Meaning 29.4.2 Shift from State to Market 29.4.3 Facets of Liberalisation 29.5 Globalisation, Nation-State and Sovereignty 29.5.1 Shifting Conceptlon of the Natton-State and Sovereignty 29.6 Impact of Globalisation 29.6.1 Economic 29.6.2 Political 29.6.3 Cultural 29.7 Response of the Indian State\ 29.7.1 Measures towards ~lobalisation 29.8 Debate on Liberalisation and Globalisation in India 29.8.1 Growth of the Economy 29.8.2 External Control 29.8.3 Impact on Unemployment and Poverty 29.8.4 Inequaltty between Rich and Poor States 29.8.5 Basic Industries and Infrastructure 29.8.6 Investment in Social Sectors 29.9 Let Us Sum Up 29.10 Some Useful Books 29.11 Answers to Check Your Progress ~xercises 29.0 OBJECTIVES This unit is intended to acquaint you with a major development of our times called globalisation and how the policy of liberalisation is integrally bound with it. After going through this unit you will be able to: 1 l-l,,,c,,,4 ,A m-,-Pa;otn th- +~n,-l~n-.~ tnx~rnrrlc mlr.Lnl;nnt;n+. .
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Context or Indian State Distinguish globalisation from World Systems; Understand contemporary forms of dominance; Grasp the reasons for and forms of the increased significance of the market; Mark the changing role of the nation-state under globalisation; Assess the impact of globalisation; ahd Take into account and estimate the response of India to globalisation. 29.1 INTRODUCTION Modem civilisation has brought profound changes in the productive capacities of men and women, in their social relations and institutions id the way they have thought of themselves and the world around them. However, these transfonnations were primarily bounded by what came to be called as the nation-state. There were some processes that went beyond the confines of the nation-state such as trade; expansion of capital; growth of knowledge; spread of ideologies; affiliation to religion and beliefs; spread of culture, arts, sports and even the rise of certain international institutions but the nation- state remained the final court of appeal. However, the last three decades have witnessed certain profound changes in this configuration resulting in new and larger networks of exchange; great movement of peoples, goods and information; transnational social and economic interaction and increasing flows of trade, investment and culture. New economic, political and cultural institutions have arisen. These changes have circumscribed the place and role of the nation-state in a profound way. Increasingly our lives today are intimately shaped by developments beyond the confines of the nation-state. Changes in technology and information have radically altered the hitherto familiar notions of space and time. The relationship between culture, economics and
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This note was uploaded on 03/13/2012 for the course IR 101 taught by Professor Harfancoofers during the Spring '12 term at Sunway University College.

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Unit-29 Context of - UNIT 29 GLOBALISATION AND LIBERALISATION Structure 29.0 Objectives 29.1 Introduction 29.2 Globalisation Meaning and Approaches

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