When we look at Banque Nationale de Paris or BNP having closed its retail banking in India in November 2002 showing door to 140 retail and over 40 investment bank employees. ... It proves that even one of the "big" banks can close in a country like India which has very good prospects for investments. According to Joseph LaPalombara (Report No.767) "The presence of a MNC is said to distort national development by creating structural or sectoral imbalances in the economy. ...

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• Approx Pages: 1

benefits and threats of globalisation Introduction There are processes in the international order--driven by revolutions in communication and information technology--that exhibit seemingly inexorable globalising tendencies while, at the same time, there are a range of actions, adopted by states an...

• Word Count: 9082
• Approx Pages: 36
• Grade Level: Undergraduate

We could quite easily fill these pages with various definitions of globalisation by individuals such as Joseph Stiglitz, Anthony Giddens, Paul Krugman and Gordon Brown but this would defeat the objective of this article as it would make the article another piece of academic regurgitation rather than dealing with the reality that faces the world today in an era of vulgar capital and finance moving around the world at the press of a button in New York or London. ... More importantly, it reciprocates the understanding of globalisation by the international financial institutions, such as the Inter...

• Word Count: 3797
• Approx Pages: 15
• Grade Level: Undergraduate

China has been the scenario of political, social and economic turmoil during the past decade. The handover of Hong Kong to China on June 1997, after over a century and a half of British colonial rule, as well as China's recent accession to the World Trade Organization are milestones in our era. They have also been subject of much polemic and controversy; authors and experts from multiple disciplines have rushed to make pessimistic predictions. The transition proved to be a smooth one (Tang, 1999), against all predictions; now, the question is whether the WTO membership will bring any surp...

• Word Count: 3624
• Approx Pages: 14
• Grade Level: Undergraduate