summary
After the end of cold war, the globalization has become a new trend. The World Bank and other international organisations have a big influence on developing countries. For example, market economy private captial , resources and a process of structual adjustment. The globalization not only brings opportunities, but also brings many challenges, such as growing inequality across and within nations, environmental deteriorations.
After economic reforms in India and constantly reducing tariffs, the economy of India develop continuing and quickly.
Response
From this article, I saw that although globalization has brought a negative impact on India, but on the whole is good. This shows that the country's economic policies have a decisive operation on the country's development. Integration into the international market and participate in international competition is the necessary factor of country’s development.
Reference
http://economics.about.com/od/globalizationtrade/l/aaglobalization.htm
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