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Essay / Research Paper Abstract
This 7-page paper discusses India and trade. Bibliography lists 6 sources.
Page Count:
7 pages (~225 words per page)
File: AS43_MTindtrade.rtf
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Unformatted sample text from the term paper:
are all things representing India. But heres something else that India is known for: A powerhouse economy, replete with trading and offshoring from other countries.
Chandy et al (2009) pointed out in March 2009 that the direct impact of the global economic crisis is expected to be small on India1. One reason why
India managed to escape the difficult financial crisis was because its banks (much like Chinas) had little, if any, exposure to the U.S. subprime mortgages. India, though growing in recent
years, has been relatively isolated from the worlds economy and financial systems2. In the meantime, Indias emerging manufacturing sector and its increasingly powerful
information technology sector are continuing to push the so-called "tiger economy" toward continued growth3. But that growth, as of now, doesnt necessarily include trade.
Exports make up only about 21% of the countrys GDP, and the country ranked 71st in the 2008 Foreign Policy globalization index - this was just above Iran and
below Algeria, Venezuela and Kenya4. The good news is that, because India has been more reliant on its domestic market than foreign markets, it has managed to sidestep the worst
of the recession5. The not-so-good news, however, is that India should develop a more open stance toward global integration, exports and global markets - meaning policymakers need to move ahead
toward reforms and move the country into the global markets6. Historical Retrospective Looking at India today, its hard to believe that, less than
a quarter of a century ago, economic policies put forward by a government petrified of any kind of foreign competition was in abject poverty. During the 1950s and 1960s, Indias
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