Impact of Globalization on Pakistan Economy - 4992 Words

Context Page. No. 1. Title 3 2.0 Background and academic context 3 3.0 Signification of project 4 4.0 research questions 5 5.0 literature review 5 6.0 Aim and objective 9†¦show more content†¦Globalization helps people and firms in large scale in the form of cash flow or investments, experiences, new inventions, new technology, they can import and export to the big market on a cheaper or effective way. Globalization is bringing the people together and making the world smaller and smaller. â€Å"There are Number of institutions established in the wake of World War II including World Bank, international monetary fund (IMF), and general agreement on tariffs and trade (GATT). Similarly world trade organization (WTO) has played an important role in promoting free trade in place of protectionism†. (www.worldbank.org) Developing countries like Pakistan have to understand the pros and cons of globalization in context with WTO regime and to find ways not only to survive in the international market but also get benefit from it. This study will be helpful to improve the understanding regarding the effects of globalization on Pakistan’s economy. The main purpose of this research is to help and improve the understanding of different effects of gradual and selective approach to globalization in different term such as employment, trade, wages and social progress in Pakistan. 4.0 Research Questions How is Pakistan positioning itself to meet the challenges of globalization? What is an overall impact of globalization on foreign direct investment in Pakistan? What are the benefits of free trade and how we can bring transactionShow MoreRelatedImpact of Globalization on Pakistan Economy8194 Words   |  33 Pagesand Regressive Globalization: Issues and Challenges for Pakistan’s Economy Muhammad Iqbal Anjum Assistant Professor International Institute of Islamic Economics, International Islamic University Islamabad, Pakistan E-mail: miqbalanjum@iiu.edu.pk Abstract In a mesmerizing scenario of the aura of glamorous globalization, Pakistan has entered the 21st century with ambivalent presentiment of hope and gloom in the context of realizing globalization-based economic development. Globalization is indeed theRead MoreGlobalization And Its Impact On Pakistan s Economy978 Words   |  4 Pages SYNOPSIS Topic: Globalization and its impact on Pakistan’s economy Submitted to: Miss Ayesha Submitted by: Syeda Fatima Nadir Semester: 6 Major: Economics Introduction: Globalisation is the processRead MoreGlobalization1305 Words   |  6 Pagesï » ¿Globalization, by definition, is the integration and democratization of the world s culture, economy, and infrastructure through transnational investment, rapid spread of communication and information technologies, and the impacts of free-market on local, regional and national economies. The golden words of late Dr. Mahbub ul Haq provides the true vision: Globalization is no longer an option, it is a fact. 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The research involved about eight (8) Asian countries – India, Hongkong, Thailand, Pakistan, Sri Langka, In donesia, South Korea and the Philippines with poor women who are very much involved and working in the fishing, agriculture, manufacturing/industrialRead MoreInternational Foundation Course : Economics Option2274 Words   |  10 PagesCourse: Economics Option Essay Writing â€Å"In what ways has the economy of my country been affected by globalization?† Globalization is a worldwide trending phenomenon for the past century that has affected millions of lives in many different ways. Cambridge English dictionary defines globalization as â€Å"the increase of trade around the world, especially by large companies producing and trading goods in many different countries† . Globalization has many facets and may have implications economically, sociallyRead MoreForeign Direct Investment 1561 Words   |  7 PagesFor growing economies, Foreign Direct Investment (FDI) has momentous advantages over equity and debt capital flows. Most of the foreign firms that start their conduct of business in other countries, they not only come with capital but transfer modern technology, promote human capital by training the host country’s employees according to the change of technology to those countries, and this is the key for the development of the host country. According to author Direct Investment replicates aspireRead MoreThe Impact Of Globalization On Canada And Canada931 Words   |  4 Pages Globalization can be defined as the movement towards economic, financial, trade and communications integration, allowing for a state of global interconnectedness. Globalization affects all countries in different ways. Globalization has had a positive impact on Canada. The Canadian economy has grown, international conflicts are becoming less prevalent, Canadian tourism has increased, Canadians have seen an unprecedented rate of cultural integration, even the life expectancy of Canadian citizens isRead MoreImpact Of Globalization On The World1244 Words   |  5 Pageshave access to similar services and products. Let it be fashion, entertainment of even food. Everybody is adopting similar habits. That’s the power of globalization. Globalization is the process by which the world is interconnected through technology and powerful infrastructure for the purpose of communicating and managing resources. Globalization seems to talk about several vibrant phenomena which ensure two major components. Firstly, they function across national boundaries and secondly, they resultRead MoreGeoplitics720 Words   |  3 PagesBY:- GLOBALIZATION: Globalization is not a new word in the world of business and also to the common people. â€Å"As far as the definition of Globalization is concerned, there is no such single definition on which all the disciplines of study have agreed upon. One of the famous sociologists has defined globalization with 3 different concepts:† (1) * Globalization as transference between the already defined items that may be in term of politics, culture or economics; * Globalization as transformation

The Economic History Of Ancient India - 871 Words

The Economic History of Ancient India The Indus civilization had great economy, which can be seen by the importance of trade that this civilization gave and also by the way their agriculture seemed to help most of the people in meeting their needs and wants. The main economic activities in Ancient India are trading and agriculture. There was a marked improvement in trade by the trade of silver coins which were minted during the 600 BC by the Mahajanpada, followed by the Maurya Empire who conquered almost the whole of India by 300 BC. During this period, trade flourished and economy grew very stable and strong. The next 1500 years, India had many rulers and was known as the largest economy of the world that dates back to the first and the seventh centuries AD. India imported and exported many items including wheat, rice, cotton, salt, gold, silk, pottery, flavorsome spices, terracotta pots, beads, silver, colored gem stones such as turquoise and lapis lazuli, metals, flints, seashells and pearls. They made ships tha t reached Mesopotamia where they sold gold, copper and jewelry. Around 600 BC, the Mahajanapadas minted punch-marked silver coins which marked the start of serious trade activities and urban development. By 300 B.C., when Middle East was under the Greek Seleucid and Ptolemaic empires, the Maurya Empire united most of the Indian subcontinent. The political unity and military security allowed for a common economic system, enhanced trade and commerce, andShow MoreRelatedIndia Of The Indus Valley Civilization1087 Words   |  5 PagesIndia, the Indus Valley civilization is truly an ancient seat of human civilization. Being the seventh largest country in the world, India has always been rich in both natural and human resources. So far as human history goes India towers in its achievements among which would be included written language, philosophy and one of the earliest large scale urban civilizations. The history of India is replete with many examples of the integration of indigenou s peoples with the migrating peoples of theRead MoreAncient India And China s Caste System Essay1020 Words   |  5 Pages Ancient India and China’s Caste System In ancient India and China a social system was developed to separate the society into levels. This social system is called a caste system. Which caste level you belong to was determined by your occupation and family origin. If you were born the son of a king your life was grand. But, if you were born to a farmer you are a farmer for life. Your birth determines where you fall in the caste system, and you live according to the rules. Both ancient India and ChinaRead MoreCulture : The Light Of A Society1097 Words   |  5 PagesGhayoor Mulk Professor Stites History 86 5th October 2016 Culture; The Light of a Society A nation stays alive when its beliefs, values, history and cultural integrity stay alive, and a nation dies when it’s mentioned unique identities die. Culture constitutes a complex tissue of mutual relationships and set different forms of tradition and expression within a society. Egypt, Mesopotamia, and India are the heartlands of various cultures, yet they share many identities. 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In ancient Egyptian, Islamic, and Indian society, religion had the capacity to establish how the average person would conduct their daily life. In the area surrounding the Nile River, there lay a civilization bursting with religious influence. Egypt was aRead MoreThe Ancient History of Bihar1043 Words   |  4 Pages The history of Bihar is very ancient. In fact, it extends to the very dawn of human civilization. Earlier stories and legends of Hinduism the Sanatana (Eternal) Dharma - are associated with Bihar. Sita the consort of Lord Rama, was a princess of Bihar. She was the daughter of King Janak of Videha. The districts of Muzaffarpur, Sitamarhi, Samastipur, Madhubani, and Darbhanga, in north-central Bihar mark this ancient kingdom. The present small township of Sitamarhi is located here. 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However, around the time of the early nineteenth century Europeans began to view these civilizations through a different lens. In the eyes of Europeans, these once renowned civilizations had become debilitated and obsolete. The twentieth century only further instated the agony associated withRead MoreIndia s Caste System Of India1709 Words   |  7 Pagesdisregarding abolishment laws. Every international or national effort to abolish caste differentiation and segregation has been proven ineffective. The caste system of India is a deeply inculcated social problem requiring immense commitment domestically and i nternationally in understanding what has stopped the measures to get rid of this ancient system and what measures are needed to complete elimination of the system. Over a million people continue to suffer discrimination, degrading treatment, and violenceRead MorePast Before Us By Romila Thapar1357 Words   |  6 PagesAs pointed out by Romila Thapar in her book â€Å"Past before Us†, there are two types of historical traditions in ancient India, the embedded history and the external history. The embedded history comprises of the myths, fragmentary narratives from the Vedas, the epics such as the Mahabharata and the Ramayana and the genealogies whereas the externalized historical traditions consists of the chronicles of families, institutions and regions. It also includes the biographies of persons in authority and

Liberal Arts Argumentative Essay Example For Students

Liberal Arts Argumentative Essay Robert Harris describes the brain as a muscle and like a muscle, the brain can enhance by many types of studies thus strengthening the mind. Liberal Arts teach students how to properly learn. Through knowing how to learn, students can understand new information easier and faster. When an individual learns something new, the brain can actually remember how the information was learned and it then creates ways to make learning in the future faster (Harris, 1991). Robert Harris explains that through a liberal arts institution, student will be able to think, analytically and critically. Critical thinking gives a person the ability to think clearly and rationally. People with critical thinking skills have the ability to solve problems, understand logical connections between ideas, and understand the importance tot ideas. Critical thinking is an affective way to solve problems because people who have this ability can look at different views before making a decision (Ala Chain, n. D. ). 3/ using critical thinking and analysis, a student can begin to create their own opinions, values, and beliefs (Harris, n. . ) Later, Harris talks about the importance of a Christian liberal arts education. He believes that type of education is the only education that can provide meaning to elite and truth. He says that the knowledge of God makes everything makes sense and clarifies the framework because Christians can see it in everyday life. He believes Christianity provides answers to the principle of existence. The five great questions, Who am I? Why am here, Where did come from, What is the purpose of life? , and Where am I going? determines the equality or inequality Of a persons life. He also States that students Who go to a Christian liberal arts institution can have the right answers. Which makes the gained knowledge more useful (Harris, n. D. ) agree with Robert Harris on the importance of a liberal arts education for reasons that makes people think open-maidenly, gives them intelligent opinions, and gives them a broad knowledge on multiple careers. In this economy it is very crucial to have a back- up plan if a career falls through. Being open-minded allows people to let go of control, listen to others opinions, and make mistakes. People need to know why hey think one way and be able to back it up with evidence and a liberal arts education allows that in most cases. Live Harris did an impeccable effort to persuade the audience that a liberal arts education is the best institution to attend, I disagree with the authors perspective of a Christian liberal arts institute because believe that it prevents students from seeing different points of views other than a Christians. Christian schools often only admit certain students who have the same beliefs as they do. As a result, students will not have the full experience of a public college or university. Bibliography Haddam, H. (2014, January 28).