India and the Global Economy |
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Authors: | Beth Anne Wilson Geoffrey Keim |
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Institution: | (1) International Finance Division, Federal Reserve Board, Washington, DC 20551, USA |
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Abstract: | India’s booming knowledge-based sectors demonstrate
the power of globalization to transform developing
economies. For India, however, these industries are just
part of its contribution to the global economy. For a
more nuanced picture of India’s international economic
position, this paper places India in international and
historical context, examines its links to the world
through trade, labor, and capital, and outlines some critical
challenges facing the country. What emerges is a
more complex picture of India -- a nation with far more
to offer than skilled programmers but which must
address problems of poverty, infrastructure, and governance
to achieve its potential.
JEL Classification O530 |
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Keywords: | India globalization IT trade |
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