Liberalization

pp. 935-939) These neoliberal policies were what many analysts have called Washington consensus. SAPs were largely homogenous in nature fiscal discipline, reordering public expenditure priorities, tax reform, liberalization of interest rates, competitive exchange rates, trade liberalization, privatization, deregulation and property rights. Neoliberalism was seen as legitimate state development logic for two reasons. First, it entails a particular reading of the cause of the debt crises: misguided

about the international regulation of goods, focusing particularly on the regulation of the trade of small arms and light weapons, that he defines as “weapons for individual use or designated for a small crew” . He starts by explaining that the “liberalization of markets and world trade is among the most important economic trends of the twentieth century” , since more and more countries are joining the ‘world trading system’. Efrat points out that states do not all have the same interests and are thus

single package without exceptions. Together with the principle of Consensus, this gave small and middle powers greater influence over negotiation and more interest in supporting the round. The two majors, the EU and US, were highly resistant to liberalization when it came to issues of agriculture and textiles. Long avoided in GATT, these sectors were brought back into the picture with the formation of WTO. Agreements were made to allow full access for textiles and clothing from developing countries

INTRODUCTION The accumulation of huge NPA in banks has assumed great importance. The depth of the problem of bad debts was first realised only in early 1990s. The magnitude of NPAs in banks and financial institution is over Rs. 150000 cr. So gross NPA reflects the quality of the loans made by banks, net NPA shows the actual burden of banks. Now it is increasingly evident that the major defaulters are the big borrowers coming from the initiative to reduce NPAs in a time bound strategic approach

In the Wealth of Nations, Adam Smith talks about international trade and subsequent government policies which became increasingly significant throughout modern history. Protectionism is the term for economic policies of restraining trade between countries when they want to protect their domestic industries from foreign competition. Trades nowadays have different forms and methods and involve more businessmen as well as consumers, which is why trade diplomats are looking to regional agreements. The

decided to amend its economic policies and go for privatization & liberalization of its economy. These decisions had immediate positive effect. However, globalization has proved to be a double edged weapon. It did help government temporarily meet its emergent need of foreign exchange but it has, as a by-product, caused some permanent damage to Indian Economic system and Indian social structure. Key Words: Privatization, Liberalization, current account deficits, disinvestment, western culture. INTRODUCTION

Globalization is an interconnected series of events that is affecting all nations regardless whether it is a developed or developing nation. Globalization brings many advantages to nations but also disadvantages where it can bring countries to the point of destruction. The topic that will be discussed in this essay is “Globalization and the end of the nation-state”. ‘Making Globalization Work’ by Stiglitz highlights the main problem in globalization especially how this does not work well for developing

Although written in 2003, Andreas’ article “Redrawing the Line” provides an interesting perspective into national sovereignty and contemporary anxiety regarding American border security, specifically as applied to Mexico. Poignantly, the author states that no state will ever ensure complete control of its territorial integrity by sealing its borders (109). However, Andreas contends that this reality does not, in fact, imply that “states have ‘lost control’ over their borders” (110). Furthermore,

Class. Chicago: University of Chicago Press. Laufer, Robert S., and Vern L. Bengtson. (1974). "Generations, Aging, and Social Stratification: On the Development of Generational Units". Journal of Social Issues. Loftus, Jeni. (2001). "America's Liberalization in Attitudes Toward Homosexuality, 1973-1998". American Sociological Review. Lunt, Peter. (1996). "Rethinking the Focus Group in Media and Communications Research". Journal of

I do not believe conflict between China and the United States is likely even if we consider the theory that the United States is a declining nation and China is a rising nation. I do not believe conflict is likely to occur between our two nations due to the complicated economic ties that link us together. If conflict were started between China and The United States, it would make more sense for the United States to start it rather than China because a declining nation might be perceived as having