Memorial Lecture
GLOBALIZATION AND CHALLENGES BEFORE INDIA
Dr. C. Rangarajan - 20th December 2003
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- GLOBALIZATION AND CHALLENGES BEFORE INDIA
- Speaker
- Dr. C. Rangarajan
- Date
- 20th December 2003
Key Points
Lecture Summary
- Meaning of globalization through trade, capital, finance, technology, ideas, and movement of people.
- Benefits of globalization, but also risks of inequality, volatility, and reduced policy autonomy.
- India should not opt out of globalization, but negotiate fairer global trade rules.
- Need to protect developing-country interests in WTO negotiations.
- India must strengthen competitive advantages, especially skilled manpower, IT, patents, and industry productivity.