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Globalisation - Coggle Diagram
Globalisation
Integration of domestic identity with rest of the world through trade, capital and tech flows
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Factors
Tech
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IT and tech in teleco, computers and Internet has changed rapidly
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Liberalisation
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After Independence, Indian govt. put trade barriers to protect producers within a country
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India only allowed imports of essentials like machinery, fertilisers and petroleum.
Around 1991, govt. decided that Indian producers had to compete with international producers
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