“India’s major social problems are often exacerbated if not caused by the scarcity of economic resources or their uneven distribution” (Brown, 1994, p. 392). The social factors in India highlight health awareness, safety, career attitudes, age rating and the population growth rate. Somehow, it supports the notion that India is a diverse but united country. It is also socially rich, although its capital market does not fully affix with the social factors mentioned. But still, there is an existing relationship between the capital market and the social factors. This kind of situation usually takes place in the presence of huge social factors that it impacts the capital market; while the considered small factors will not highly affect it all. An example taken was about the “reliance fresh” and an opposition of the said concept has led to the closure of various stores. There was a turn down of the share prices of the “reliance fresh” and there was lesser effects on the whole capital market of India as there was also less impact on the whole social factors and individual firms. India’s main worries address certain economic factors such as the inflation rate, economic growth, and exchange and interest rates. However, India’s capital market has strong relations with what its government has taken measures of, such as in the event of announcing the annual budget and the capital market rise up and turns down the government policies. But in the process where the policies highly support the companies in the region, the capital market would more likely foster positive results, but it would also go down if these policies are not welcomed and supported. India’s mission to Mars within their nation’s poverty proves to be a good act in order to show... ... middle of paper ... ...oor people. India insists that this brave step is for their own national interest and not in response and competition with other nations as others claim. India’s mission to launch an expensive action clearly challenges the nation’s modest economy because they didn’t let other nations interfere with their goal to prove to the world that they are as good as any other country rich or poor. The lesson being taught to all citizens of the world is not only about material things but also of being able to stand tall within several crises. Knowledge can justify one’s worth and for a country like India, its significance is to show the world what they can do. Technology is one of their strengths and they are willing to risk so much in order to showcase their talent and skills. Helping their poor citizens is one thing but to showcase their talent is worth more to their pride.
Many developed and developing countries want to protect their own industries such as India who is still reluctant to give foreign firms greater access to its economy, as shown by the political row over its much delayed decision to open up the supermarket sector to global giants
Though the world economy as a whole has grown in recent years, a factor that is not taken into account is that the number “of the poor in the world has increased by 100 million” (Roy 3). In other words, the gap between rich and poor is widening. For India, this has startling implications. Though it is a nation that is developing in many ways, it also is a nation blessed with over one billion citizens, a population tally that continues to grow at a rapid rate. This population increase will greatly tax resources, which can create a setback in the development process. The tragedy, of course, is that the world is full of resources and wealth. In fact, Roy quotes a statistic showing that corporations, and not even just countries, represent 51 of the 100 largest economies in the world (Roy 3). For a country struggling to develop, such information is disheartening. However, there is also a more nefarious consequence of the growing disparity between rich and poor, and power and money being concentrated in the hands of multinational corporations: war is propagated in the name of resource acquisition, and corruption can reign as multinationals seek confederates in developing countries that will help companies drive through their plans, resulting in not only environmental destruction but also the subversion of democracy (Roy 3).
When looking at a particular discourse community, one can come across a number of genres that are appropriately applied to articles geared toward the discourse community. Looking at the discourse community of the stock market, the two genres that appear the most often are news articles and analysis articles. Both of these genres can be written with an intended audience of either people within the discourse community, or people on the outside of the discourse community. The key point of differentiation, is the language that is used throughout the writing. It can be written using terminology that only people within the discourse community understand, or in a way such that everyone will understand exactly what is meant by the author. In comparing these two genres and two types of audiences, we can better understand exactly how the stock market discourse community is portrayed not only among its insiders, but to everyone else as well.
Market revolution is a rapid change in economy in 19th century in which there was a National market and products were serviced easier and faster. During the Market Revolution, there was a creation of a new environment built by the innovations of new technology in relation to transportation, communication, and occupation. The spread of the market relation moved westward along with political democracy. White men who owned property always were part of the political system, but the market revolution allowed people outside to participation. With the economy at a faster pace, there a pull from self sufficient farming, discovery of private rights, and territorial expansion. There was a market transition in
A few years before the 2008 financial crisis saw a development of the markets. This was because of the widespread view that public good, freedom and prosperity were mostly governed and influenced by markets, and not the government. There was the belief that with market mechanisms, more could be achieved within the society. However, this is not the case. Currently, the market mechanism is constantly being questioned. This is due to the realization that with the belief in the markets, the society grows to be detached from morals and other social values. This calls for action in order to change this perspective. With the markets triumphing, there is constant failure in societal morals and values. However, a crisis such as the 2008 financial crisis
The stock market plays a significant role in the health of the economy; the economy has to be strong for a country and its citizens to prosper. In 1929 over a period of two weeks 30 billion dollars disappeared from the U.S. economy, this was the event that started the greatest period of human hardship of the twentieth century known as the great depression. On October 19,1987 the Dow Jones industrial average plunged almost a third of its value. Many investors went completely bankrupt after one day of trading. Both of these crashes came without warning in booming markets are the currently booming markets heading for a collapse? The current market resembles both 1929 and1987 markets but there is a smaller possibility for collapse.
Material and ideological conditions are integral components of a market society, which interacted and changed the ways we view market society today. I will discuss the shift from traditional societies to a market society to explain what Polanyi refers to as “the great transformation”. I will then talk about the changes that have occurred in the workplace, the impact on these workers, and the worldview of those in a market society.
The market today has become so important that society takes it as completely natural. From “The Economic Problem” Heilbroner describes three main solutions, with the market being one. Furthermore into the market, Polanyis book “The great Transformation” gives insight on how much society actually allows the market to dominate. To Polanyi a market society is seen as social relations embedded in the economy instead of the economy being embedded in social relations. Examining both of these books gives a great understanding on how life was without the market and how it came to be. Taking note of Rineharts work as well on how the workplace has drastically been changed by the market is key to analyzing the transformation as a whole. As a result of the transformation, not only has human labour been altered, but another author known as Weber states that certain peoples view on the world have also be affected. This essay will establish how “the great transformation” (Polanyi) from a traditional society to one based on a market economy has vastly impacted societal workplaces, and societal beliefs around faith of idealogical conditions.
[6] Kripalani, Majeet & Egnardio, Pete. The Rise Of India. Business Week Online. December 8, 2003. http://www.businessweek.com/magazine/content/03_49/b3861001_mz001.htm
A market economy is a society that is industrialized. For example, there are factories and workers that make goods. But a society does not need capitalism to be industrialized. A market economy is where there are people who compete. They try to get money by themselves and only for them. They are money greedy and the want it all. This is a goal and this is what a market economy focuses on. But even though society is industrialized, they have limits. They are controlled by the government. For example, Social Security is controlled by the government. When the government controls, institutions do not have many rights. For social security, there are qualifications and these qualifications are made by the government. But the poor face more problems than the rich. For example, the rich have more power and control the ways there
In the late 2000s, the World suffered from a big global economic crisis which caused “the largest and sharpest drop in global economic activity of the modern era”, in which “most major developed economies find themselves in a deep recession”, according to McKibbin and Stoeckel (1). Because its consequences have a very big impact to the whole world, many economists and scientist have tried to find the causes of the crisis; and some major causes have been emphasized are greed, the defection of the free market system, and the lack of prudent regulation and supervision. This essay will focus on the global imbalances, one of the most important causes of the current economic crisis.
The stock market is an essential part of a free-market economy, such as America’s. This is because it provides companies the capital they need in exchange for giving away small parts of ownership in their company to investors. The stock market works by letting different companies sell stocks to gain capital, meaning they sell shares of their company through an exchange system in order to make more money. Stocks represent a small amount of ownership in a company. The more stocks a person owns, the more ownership they have of that company. Stocks also represent shares in a company, which are equal parts in which the company’s capital is divided, entitling a shareholder to a portion of the company’s profits. Lastly, all of the buying and selling of stocks happens at an exchange. An exchange is a system or market in which stocks can be bought and sold within or between countries. All of these aspects together create the stock market.
India is a nation that is on the move towards becoming one of the leaders in the global economy. While the country still has a long way to go, it is making significant strides towards competition with nations such as the United States and England. Indian leaders have been moving towards "a five-point agenda that includes improving the investment climate; developing a comprehensive WTO strategy; reforming agriculture, food processing, and small-scale industry; eliminating red tape; and instituting better corporate governance" (Cateora & Graham p. 56, 2007). These steps are geared to begin India's transformation from a third world nation into a global economic leader. The current marketing environment in India is in transition, with both similarities and differences in comparison to the marketing environment in the US.
Many Indians feel that the Quit India Movement was one of the most influential and successful moments in history. The s...
Kashmir — a beautiful mountain state with clear rivers, evergreen forests and one of the highest death rates in the world. It is at the center of an age-old dispute between Pakistan and India that has dragged on from the independence of both nations over fifty years ago to the present time, with no resolution in sight. The combined population of the two nation totals over a billion, so no conflict between them is of passing importance, especially when nuclear weapons are involved. Pakistan and India share a common heritage, language, and traditions, yet the subject of Kashmir can push them to the brink of annihilation. Fifty years of animosity have built up as a result. A proxy war still brews in Kashmir, claiming dozens of lives every day, running up a casualty total over time into the hundred thousands. Kashmiris have suffered untold horrors and Kashmir has the notorious reputation of being one of the world’s most dangerous flashpoints.