Monday, September 9, 2019
India's Globalization and Economic Development Essay
India's Globalization and Economic Development - Essay Example After IndiaÃ¢â¬â¢s independence, economic managers took very cautious steps since they found the world sharply divided into two blocs. On one end, there were capitalist economies, particularly the US; on the other hand, there existed communist economies, primarily the USSR. This study will drive an evaluation of these competitive claims via a systematic investigation by use of an intensive case study. Foreign policy is the effort by a nation to capitalize on its state interest in the global environment. In 1947, India foreign policies strived to attain international peaceful environment, autonomy, strategic space, free of entanglement, conflicts, and alliances associated with Cold War while it concentrated on domestic activities aimed at nation building (Mukherjee and Malone 2). This IndiaÃ¢â¬â¢s philosophy facilitated neither global economic growth nor corporation (Anonymous 14). In fact, it facilitates conflicts and collisions as Indian economic analysts assert that unlike dome stic policy, this IndiaÃ¢â¬â¢s foreign policy attempt meets other states in search of the same goals for themselves and sometimes at IndiaÃ¢â¬â¢s expense. ... IndiaÃ¢â¬â¢s patterns of globalization side with hyperactive globalists and diplomats in spite of having existed since immemorial time. As of now, people understand foreign policy as a function of the modern state system since they can speak of the late Indian medieval policy. According to Westphalia state system, before India came to existence in the eighteenth century, she was losing sovereignty attributes and her capacity for foreign policy and independence. As a result, Imperial British interests prevailed over IndiaÃ¢â¬â¢s foreign goals since the country was a dependant (Mukherjee and Malone 13). From the perspective of feminist economists, winners and losers of India appear represented in the process of globalization. For instance, due to his strong personality, Curzon tried to assert what Imperial British portrayed as IndiaÃ¢â¬â¢s interests by sending Young on his expedition in Tibet. However, London reined on him so rapid to let go of his gains in order to preserve the overall British interests. The balance of power theory in conjunction with game theory put across that practitioners and diplomats analyses the working of global changes basing their facts on opportunities, joys of diplomacy, and threats. Therefore, transformersÃ¢â¬â¢ view of IndiaÃ¢â¬â¢s globalization contradict with that of skeptics since the former believe they are fortunate to have lived in a time when India was undergoing the period of the fastest change and they aspire to practice foreign policy. Today the world is experiencing political diversities and economic values within groups where independent states do not want to accept burdens that come along with international leadership.