When did the government remove the barriers for investment in India? In the context of globalization, what does FDI stand for? According to the chapter, what is a key driver of eco... When did the government remove the barriers for investment in India? In the context of globalization, what does FDI stand for? According to the chapter, what is a key driver of economic globalization? Which of the following is a characteristic of globalization, as discussed in the chapter?
Understand the Problem
The question is part of an assignment focused on globalization, asking about historical events related to government policy on investment in India, definitions of globalization terms, and characteristics of globalization. It requires knowledge about economic history and globalization concepts.
Answer
Investment barriers in India were removed in 1991. FDI: Foreign Direct Investment. Key driver: ICTs. Globalization characteristic: Encouraging cultural homogenization.
The government removed barriers for investment in India in 1991. FDI stands for Foreign Direct Investment. Information and communication technologies (ICTs) are a key driver of economic globalization. Encouraging cultural homogenization is a characteristic of globalization.
Answer for screen readers
The government removed barriers for investment in India in 1991. FDI stands for Foreign Direct Investment. Information and communication technologies (ICTs) are a key driver of economic globalization. Encouraging cultural homogenization is a characteristic of globalization.
More Information
India's economic liberalization in 1991 was a pivotal moment that opened the economy to foreign investment and modernized its industry.
Tips
A common mistake is confusing the year of economic liberalization with close events in other regions.
Sources
AI-generated content may contain errors. Please verify critical information
