The paper "What Impact Has Globalization Had on Developing Countries" is an outstanding example of a business annotated bibliography. Globalisation refers to the processes of increasing liquidity and the advancement of the multidirectional flow of persons, places, information and objects. Globalisation has augmented greatly and established novel prospects for developing and developed nations. The biggest impact of globalisation is on the developing nations. Globalisation has both positive and negative impacts. The focus of this paper is on the impact of globalisation on developing nations with a particular hub on India. Das, N.(2013).
The impact of globalisation on sustainable development in the Indian economy. Journal of International Economics, 4 (2), 99-144. This article appears in the peer-reviewed academic journal of International Economics. The author is a renowned professor in the Indian School of Mines where he teachers Management Studies. The article describes an exploratory study that investigates the impact of globalisation on poverty reduction and economic growth and identifies the essential connection between sustainable development and globalisation. The methodology used by the author involves a systematic literature review. The findings indicate that globalisation has been a strong force for poverty reduction and growth in different nations, including India.
The article contends that globalisation allows development against global inequality and poverty. While globalisation instigates massive potential for economic growth, it prompts insecurities and vulnerabilities. The author concluded that while globalisation constrains some policy options and wipes out surviving jobs and entrepreneurial prospects for small businesses, in the long-run globalisation lowers the rate of poverty. Although the arguments provided in the article are not based on the experimental study, they are feasible. According to the author, suitable domestic institutions and policies need to be implemented for globalisation to allow the introduction of novel prospects for the poor and small businesses.
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Das, N.(2013). Impact of globalisation on sustainable development in the Indian economy. Journal of International Economic, 4 (2), 99-144.
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