CONTEMPORARY INDIA AND EDUCATION
Paper-2
Impacts of Globalization
The term globalization is interpreted in three differnt ways.As a result of tremendous advance made in the kields of transporation and tele communication.
i] Shinkage of virtual distance between nations has taken place and market for products and important finances has globally widened.
ii] Restriction and regulatinos for the export and imprt of commodities and ideas have been lifted by most of the nation facilitating their easy reach to the market of other counteries. That's allowing the dominance of capitalistic polices.
iii] Like the agriculture and industrial products intellected products.
[e.g] { export of computer sftwares, softwaresolution etc.} and service facilities.
[e.g] infra structure, transporation, ranking, insurance etc , have also become import determinants of economic growth of any nation.
Important factors of globalization:
i] Dominace of privatisation
ii] Adaption of liberalisation in the global economic policy
iii] Appreciation of consumerism
iv] Tremendous advances made in the field of information and tele communication technoligies.
Due to the liberalisation policy followed in india self financing educational institution have sprung up at all levels of education.
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