of 40 per cent to 51 per cent foreign equity ownerships covering a wide range of industries. Here the main fear is that with the implementation of WTO agreement and trading provisions, Indian market will be flooded with different farm goods from foreign countries at a rate much lower than that indigenous farm products leading to a death-blow to Indian farmers. Moreover, there is a peculiar tendency where there remains a wide gap between the level of foreign investment approved and its actual inflow. As on December 1999, 170 Indian Software Companies have acquired international quality certification. This has caused natural environmental encroachment. Before this Native Alaskans lived a very simple but rich life. Although in the initial years of globalisation, the GDP growth rates gradually rose from.2 per cent in.2 per cent in 1996-97 hut since then it gradually declined.6 per cent in 1997-98,.2 per cent in and again declined.2. But things are not moving in a right direction. It also established coordination among the national economy and world economy.
As with the WTO trading provisions, agricultural commodities market of poor and developing countries will be flooded farm goods from countries at a rate much lower than that indigenous farm products leading to a death-blow to many farmers. Thus we find that Indias export performance was lagging far behind that of China. They were famous for their basket weaving, hunting, and fishing prowess. Table.13 reveals that the share of China in World exports increased from.59 per cent in 1990.20 per cent in 2003 as a result of rise in the volume of its exports by 714 per cent.
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Around 500 portals are being launched in India every month. Advertisements: In this essay we will discuss about Globalisation. Demand for increased production for a global market has increased demand for factors of production. Costs of communication have reduced drastically, leading to enhanced communication. (vi) Globalisation is also posing as a threat to agriculture in developing and underdeveloped countries of the world.