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What are the factors responsible for globalization in monsoon India in the 21st century?
Wiki User
∙ 14y ago
Factors improvements in transport improvements in technology mobility in employment Factors improvements in transport improvements in technology mobility in employment
Wiki User
∙ 15y ago
Wiki User
∙ 16y agoPlanet Earth is almost a perfect sphere, therefore a globe. 21st century comunications have helped people know what is going on where on our planet. Given that Climate Change is now accepted, and that trade covers the globe, advanced communications enable people to ascertain that what happens over "there" affects things "here", how, and what to do about them. e.g. The problems with sub prime mortgages in the USA have reverberated throughout the world, because
(a) things are communicated effectively and quickly,;and ( b) problems with sub prime mortgages anywhere are important to credit markets everywhere-- to say nothing of their follow up problems. Before the wheel was invented humans walked to every continent except Antarctica . With massive advances in free communication it is no problem for all to understand that the Earth is a globe with no natural boundaries. Would China be where it is today without 21st century technology? It has skipped landline to cell phones, is one of the top economies, and is about to stage an Olympic Games. It took the Romans, the British, and the Americans much longer to achieve those goals. Planet Earth has always been a globe; China has always been there; we are now learning how to handle such things, but we need to deal with climate change effectively before we succeed.
Wiki User
∙ 14y agoThe TNC's are mainly responsible for this and also technological advances
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What is factors of Indian monsoon?
In an Indian mosoon there are winds over the Arabian Sea which are winter winds that are dry, and summer winds that are wet. These wind cause a dry and wet seasons over India.
What are the advantages of monsoon for farmers?
the monsoons could cause the soil to be more fertile making it easier to grow crops
How much does food in India cost?
Food inflation eased by over one percentage point to 16.61 per cent in mid-April on hopes of a normal monsoon and the arrival of the winter crop in the market. However, the fuel price index rose to 12.69 per cent for the week ended April 17, marginally higher than the previous week's reading of 12.45 per cent. Food price inflation fell to 16.61 per cent from 17.65 per cent in the previous week, government data showed today. The government expects prices of essential items to fall further after the Met office forecast a normal monsoon. "The outlook is further brightened by the fact that a normal monsoon is predicted this year. Indications of softening of food inflation are clearly visible. It is expected that this decline will continue in the coming months uninterruptedly," finance minister Pranab Mukherjee has said. On an annual basis, potato prices fell 28 per cent because of a supply glut, while onions became cheaper by 10 per cent.
How is the economy in India?
The Economy of India is the eleventh largest in the world by nominal GDP and the fourth largest by purchasing power parity (PPP). The country's per capita GDP (PPP) is $3,290 (IMF, 127th) in 2010. Following strong economic reforms from the socialist inspired economy of a post-independence Indian nation, the country began to develop a fast-paced economic growth, as free market principles were initiated in 1990 for international competition and foreign investment. Economists predict that by 2020, India will be among the leading economies of the world. India's top five trade partners are UAE, China, USA, Saudi Arabia and Germany.India was under social democratic-based policies from 1947 to 1991. The economy was characterised by extensive regulation, protectionism, public ownership, pervasive corruption and slow growth. Since 1991, continuing economic liberalisation has moved the country toward a market-based economy.A revival of economic reforms and better economic policy in first decade of the 21st century accelerated India's economic growth rate. In recent years, Indian cities have continued to liberalise business regulations. By 2008, India had established itself as the world's second-fastest growing major economy. However, as a result of the financial crisis of 2007-2010, coupled with a poor monsoon, India's gross domestic product (GDP) growth rate significantly slowed to 6.7% in 2008-09, but subsequently recovered to 7.2% in 2009-10, while the fiscal deficit rose from 5.9% to a high 6.5% during the same period. The unemployment rate for 2009-2010, according to the state Labour Bureau, was 9.4 percent nationwide, rising to 10.1 percent in rural areas, where two-thirds of the 1.2 billion population live.India's large service industry accounts for 57.2% of the country's GDP while the industrial and agricultural sector contribute 28% and 14.6% respectively. Agriculture is the predominant occupation in India, accounting for about 52% of employment. The service sector makes up a further 34%, and industrial sector around 14%. The labour force totals half a billion workers. Major agricultural products include rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes, cattle, water buffalo, sheep, goats, poultry and fish. Major industries include telecommunications, textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, information technology-enabled services and pharmaceuticals. However, statistics from a 2009-10 government survey, which used a smaller sample size than earlier surveys, suggested that the share of agriculture in employment had dropped to 45.5%.Previously a closed economy, India's trade and business sector has grown fast. India currently accounts for 1.5% of world trade as of 2007 according to the WTO. According to the World Trade Statistics of the WTO in 2006, India's total merchandise trade (counting exports and imports) was valued at $294 billion in 2006 and India's services trade inclusive of export and import was $143 billion. Thus, India's global economic engagement in 2006 covering both merchandise and services trade was of the order of $437 billion, up by a record 72% from a level of $253 billion in 2004. India's total trade in goods and services has reached a share of 43% of GDP in 2005-06, up from 16% in 1990-91.
How could inflation be prevented?
Inflation is defined as a sustained increase in the general levelof prices and goods and services The primary job of the Federal Reserve is to control inflation while avoiding recession. It primarily does this by tightening or relaxing the money supply, which is the amount of money allowed into the market. Tightening the money supply reduces the risk of inflation, while relaxing controls on the money supply increases the risk of inflation
How many people die in a monsoon?
The number of people who die in a monsoon is dependent on many factors. The factors that determine the death tools include location, the severity of the monsoon, and the warning time people have to prepare for it.
What are the factors affecting monsoon?
to became cool
Is monsoon responsible for rain all over world?
Monsoons are not responsible for rain all over the world. In fact, there are only two major monsoon systems, the West African and Asian Australian monsoons.
What are the factors effecting th monsoon in India?
I do not know can you please tell me ?
Which winds are responsible for the rainfall experienced over greater part of India?
The monsoon winds are responsible for the rainfall experienced over a greater part of India.
Muslim trading vessels used to cross the Indian Ocean in the 8th century?
monsoon winds
What did the Muslim trading vessels used to cross the Indian Ocean in the 8th century?
Monsoon Winds
How do geographical factors influence the patterns of population density in Monsoon Asia?
well one way geographic factors could influnce is the tempurature of the specific area!
Biotic and abiotic factors of tropical monsoon forests?
Amount of rocks, rain, sunlight, other nonliving things,
What technological improvement helped Arab seafarers navigate the monsoon winds of the Indian Ocean after the tenth century?
Lateen Sails
Differentiate southeast monsoon from northeast monsoon?
southest monsoon - or the wet monsoon. It is known in the Philippines as hanging habagat and northeast monsoon or dry monsoon . It is known in the Philippines as hanging amihan.
What is breaking of monsoon?
arrival of monsoon is also termed as breaking of monsoon..!!
