Globalization Case study

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Executive summary

The essay has discussed the background information about India where it has elaborated on her demographic information, economic status, legal systems and political status. Furthermore, some of the reasons why India is suitable for investing have been discussed. Furthermore, the essay has reviewed the political economy of India, which is the legal, economic and political systems and critically discussed India’s attractiveness for foreign direct investment. Political economy has analyzed the benefits, risks and costs of the legal, economic and political systems before giving some recommendations.

 

 

 

 

 

 

 

 

 

 

 

Table of Contents

  1. Introduction……………………………………………………………………..4
  2. Political Economy Analysis……………………………………………………..4

2.1 Political systems…………………………………………………….5

2.2 Economic systems…………………………………………………..6

2.3 Legal systems……………………………………………………….7

  1. Recommendations……………………………………………………………….8
  2. Conclusion………………………………………………………………………8
  3. References………………………………………………………………………10

 

 

 

 

 

 

 

 

Introduction

India is situated in Asia and is the seventh largest country globally by area. Moreover, there are more than 1.2 billion people in India which makes it the second country that is most populous. The economy of India is ranked at eleventh largest globally by nominal GDP (Demography of India: Part 1, 1998). Furthermore, by purchasing power parity, it is the third largest. The Indian society is multi ethic, multi lingual and pluralist. The Indian republic is governed by federal constitution under a parliamentary system of 28 states (MacDonald, 2009). India is a good investment site because of the maximum benefits, minimal costs and risks in her economy. Furthermore, the country balances her political, economical and legal factors well making it conducive for business. The essay will analyze the political economy of India by comparing the political, legal and economic systems of India. Moreover, it will give recommendations and finally conclude with critical discussion of factors that make India attractive for foreign direct investment.

 

Political Economy Analysis

Political economy is the use of how the economic methods and theory influences the political ideology. It is the interplay between politics, law, economics and how different institutions develop in different economic and social systems, such as communism, socialism and capitalism (Mill & Ashley, 2005).Furthermore, it analyzes how the public policies are created and implemented. Walker (2008) pointed out that since different groups and individuals have different interest in the manner an economy or a country should be developed, political economy covers a broad spectrum of competing interest. Moreover, it involves application of game theory, since competing groups for power and finite resources must decide the course of action will produce the most beneficial outcome.

The significance of using political economy in analyzing India is to evaluate worthin.............


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