Globalization And Its Impact On Pakistan s Economy

SYNOPSIS Topic: Globalization and its impact on Pakistan’s economy Submitted to: Miss Ayesha Submitted by: Syeda Fatima Nadir Semester: 6 Major: Economics Introduction: Globalisation is the process of international unification that arises from the exchange of world views, ideas, products and some other features of culture. The term of globalization has been increasingly used since 1980s and especially the mid-1990s.In 2000 IMF introduced four basic aspects of Globalization which are trade transactions, migration of people, capital and investment movements and distribution of knowledge. Moreover environmental challenges such as change in climate, cross boundary air and water pollution and over fishing of the ocean are linked with globalization. There are positive and negative effects of globalisation. Positive effects include decrease in inflation rate because of the increasing competition in international markets that forces the producers to stabilize the prices. Advancements in technology and efficiency in growth are the supplementary benefits of it. But at the same time it has created some problems like inequality and instability in financial mark ets, worseShow MoreRelatedGlobalization Effect on Pakistan1531 Words   |  7 PagesAffect of Globalization on Pakistan The word Globalization refers to â€Å"the growing integration of economies and societies around the world† (World Bank 2010). There has been an increasing amount of connection between various economies and one of the greatest challenges we face is to make this connection a positive one. Globalization certainly has the greatest influence on developing nations around the world. Countries such as India, China and Russia have been positively affected by globalization sinceRead MoreGlobalization1305 Words   |  6 Pagesï » ¿Globalization, by definition, is the integration and democratization of the world s culture, economy, and infrastructure through transnational investment, rapid spread of communication and information technologies, and the impacts of free-market on local, regional and national economies. The golden words of late Dr. Mahbub ul Haq provides the true vision: Globalization is no longer an option, it is a fact. Developing countries have either to learn to manage it far more skilfully, or simplyRead MoreIntensifying Working Women’s Burden: The Impact of Globalization on Women Labor in Asia1464 Words   |  6 Pagesfocused on the varying levels and degree of intensities of women’s work as they contribute to a country’s development and how the intricacies of free-trade or globalization impacts the lives of women- their personhood, their families and their communities. The research involved about eight (8) Asian countries – India, Hongkong, Thailand, Pakistan, Sri Langka, Indonesia, South Korea and the Philippines with poor women who are very much involved and working in the fishing, agriculture, manufacturing/industrialRead MoreThe Impact Of Globalization On Canada And Canada931 Words   |  4 Pages Globalization can be defined as the movement towards economic, financial, trade and communications integration, allowing for a state of global interconnectedness. Globalization affects all countries in different ways. Globalization has had a positive impact on Canada. The Canadian economy has grown, international conflicts are becoming less prevalent, Canadian tourism has increased, Canadians have seen an unprecedented rate of cultural integration, even the life expectancy of Canadian citizens isRead MoreImpact of Globalization on Pakistan Economy8194 Words   |  33 Pagesand Regressive Globalization: Issues and Challenges for Pakistan’s Economy Muhammad Iqbal Anjum Assistant Professor International Institute of Islamic Economics, International Islamic University Islamabad, Pakistan E-mail: miqbalanjum@iiu.edu.pk Abstract In a mesmerizing scenario of the aura of glamorous globalization, Pakistan has entered the 21st century with ambivalent presentiment of hope and gloom in the context of realizing globalization-based economic development. Globalization is indeed theRead MoreExport Promotion Of Import Substitution1182 Words   |  5 PagesIn the ever globalizing world of today, exports have become a fundamental ingredient in country s growth. Many countries, especially the less developed ones , often use policies of trade liberalization to boost up their exports. The most commonly used policy is import substitution. However, sometimes export promotion also becomes a prominent part of country s economic policy. Unfortunately, Pakistan has never had a consistent, coherent and well-articulated trade policy. Trading patterns have closelyRead MoreImpact Of Globalisation On The Economic Development Of Pakistan1073 Words   |  5 Pagesthe biggest positive sides of globalisation in Pakistan. However, incre ase in the rate of unemployment has also been witnessed as a negative feature associated with the industrialisation and globalisation of Pakistan’s economy. This paper discusses the real aspects of globalisation in Pakistan by determining the economical, social, cultural and environmental effects on its economy. The impact of globalisation on the economic development of Pakistan will be discussed with an explanation of both,Read MoreEnergy Is The Key Determinant Of Economic Development And Prosperity1102 Words   |  5 Pagescivilization are dependent on availability and level of consumption of energy (Rajgopal and Mishra, 1994). Energy is considered to be the life line of an economy, the most vital instrument of socio economic development and has been recognized as one of the most important strategic commodities (Sahir and Qureshi, 2007). Energy is not only essential for the economy but its supply is uncertain (Zaleski, 2001). Energy is a strategic source that influenced the outcome of wars, fueled and strangled economic developmentRead MoreGlobalization : The Super Story1366 Words   |  6 PagesFriedman’s article, Globalization: The Super-Story, he defines globalization as the inexorable integration of markets, transportation systems, and communication systems to a degree never witnessed before. In simple terms, globalization is the process of international mingle that comes from the interchange of world views. Friedman is one of the key protagonists of the concept of globalization and defines this new system with a series of key words and three balances which make up the globalization system. Frie dmanRead MoreEconomic Analysis of Foreign Direct Investment and Its Impact on Trade and Growth in Pakistan3124 Words   |  13 PagesTOPIC: â€Å"ECONOMIC ANALYSIS OF FOREIGN DIRECT INVESTMENT AND ITS IMPACT ON TRADE AND GROWTH IN PAKISTAN† SUBMITTED BY: â€Å"SHIRAZ KHAN† (6001) TOPIC Economic Analysis of Foreign Direct Investment and its Impact on Trade and Growth in Pakistan AUTHOR Shiraz Khan Business Graduate, Iqra University, Karachi, Pakistan. ABSTRACT Foreign direct investment (FDI) in context of Pakistan is one of the major contributors that help Pakistan to minimize the gap of financial resources and funds. FDI has