L8 - Impacts of trade on India
- Created by: Hadley023
- Created on: 22-03-19 13:29
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- India
- Economic development
- Different scales - local multiplier effects to larger scale agglomeration of industry.
- Examples of growth stimulated by international trade around the large ports in India - Chennai (automobile).
- Many companies are all able to trade in vehicles and components by shipping at this port.
- Multinationals GM and Ford, and major Indian companies such as Ashou Leyland (commercial vehicles).
- Political stability
- Success of trade and domestic policies is partly responsible.
- Government policies had helped developed its share in world trade and trade partnerships.
- Open markets, trade liberalization, growth in inward and outward FDI.
- Investment in education and infrastructure and development of global trade agreements.
- Social equality
- Inequalities are often the result of rapid economic growth.
- India compares favorably with other emerging countries but there are still great inequalities between different regions.
- Economic development
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