How Does Globalisation Help Development

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  • How Does Globalisation Help Development
    • In 1996-7 growth rates of almost 78% have been claimed
    • While the growth of India's economy has now slowed, it's economy is still expanding
    • In 2007, India was set to become the world's third largest economy overtaking Japan
    • India will be expecting s permanent seat on the Security Council of the United Nations when it is reformed
    • India's low labour costs and its huge English-speaking workforce combined with the encouragement for MNC'S have made it popular with them for everything from manufacturing to call centres
    • The success of high-tech industries in India resulted in the return of large numbers of skilled Indians who had moved overseas for work often described as 'brain gain'.


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