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. Developing countries have either to learn to manage it far more skilfully, or simplyRead MoreGlobalization Effect on Pakistan1531 Words   |  7 PagesAffect of Globalization on Pakistan The word Globalization refers to â€Å"the growing integration of economies and societies around the world† (World Bank 2010). There has been an increasing amount of connection between various economies and one of the greatest challenges we face is to make this connection a positive one. Globalization certainly has the greatest influence on developing nations around the world. Countries such as India, China and Russia have been positively affected by globalization sinceRead MoreIntensifying Working Women’s Burden: The Impact of Globalization on Women Labor in Asia1464 Words   |  6 Pagesfocused on the varying levels and degree of intensities of women’s work as they contribute to a country’s development and how the intricacies of free-trade or globalization impacts the lives of women- their personhood, their families and their communities. 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