GLOBALIZATION AND INTERNATIONAL
COOPERATION
 Once the economy has been opened up, and structural
adjustments made, the process can not be rolled back
Open economy could be beneficial for some countries and
harmful for many others
The dilemma is resolved not by hiding behind a curtain but
by acquiring control over the process
Currently flow of capital and finance has become largely
free, while flow of knowledge and labour is restricted.
The asymmetry needs correction
The non-tariff barriers, raising issues of labour and
environmental standards, need to be resisted
The trend towards international merger and acquisition,
formation of regional trade blocks etc. as a means to occupy favourable competitive space,
initiated by the developed countries should be answered by parallel activities
The fear that globalization might lead to homogenization of
culture and consumerism was considered as unfounded
Need for strengthening our bargaining position in the WTO was
stressed
Provisions in agreements like TRIMS and TRIPS which go
against India’s interest should be resisted
Currently, benefits of
globalizations have accrued to few states. Efforts
need to be made to ensure equitable sharing of benefits among all states through
decentralization
It is essential to raise exportability to products produced in
the country through improvement of quality, establishment of standards and grade, quality
control and assurances etc. so as to make these acceptable in the foreign markets
Infrastructure needs improvement for attracting foreign
investment
Need for improving the
productivity and productive ability of the workforce for gaining competitive advantage in
international trade was stressed
Need for developing R D
facilities and capability was stressed |
