The impact of economic and political policies of government: In the context of globalization

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International Journal of Development Research

The impact of economic and political policies of government: In the context of globalization

Abstract: 

Globalization provide a fascinating field of study. Globalization is viewed as an agent of change. The term globalization was first used by Theodore Levitt in 1983 (in an article he wrote in the Harvard Business Review) till the early 1990s. Globalization is driven by knowledge and new technology thus there is a need not only to provided good quality primary secondary and technical education but also to spend more on higher levels of professional education with globalization and increasing competition demand for skilled and semiskilled workers has increased in the era of globalization and market liberalization, there has been a trend to move away from large enterprises, stable workers and wage systems towards flexible production, process and flexible employment and payment Flexibility of employment has spread across the developing transitional and industrialized countries. The government has changed its economic and political policies after adopt new economic policy. The global economic scenario is changing radically and unimagined changes are taking place in work places fuelled by racing technology and global competition for work. New technology of all types, especially computer / Information Technology has become a part of nearly every industry. Globalization can be viewed as a structural change in Economic, Political and Social activity. The New Economic Policy comprises the various policy measures and changes introduced since July 1991. The thrust of new economic policy is towards creating a more competitive environment in the economy as a means to improving the productivity and efficiency of the system. The role of government is changing as we witness a fragmentation of policy responsibility in society. We must also recognize that the traditional mechanisms of government control are no longer workable –or even appropriate.

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