Globalization of Non-Western Countries Essay

1107 Words Mar 22nd, 2009 5 Pages
As globalization continues to spread over the world, many countries are beginning to feel its effects. One example is the auto industry. The automobile business is evolving rapidly on a worldwide basis. Car and parts manufacturers are merging, component design and manufacture are now frequently outsourced instead of being created in-house, brands are changing and the giant automobile companies are expanding deeper into providing financial services to car buyers. Meanwhile, all of the biggest, most successful automobile industry firms have become totally global in nature. Globalization is in evidence throughout the automobile industry. Mail order brides are also a good example of the impact of globalization, by integrating more of Russian …show more content…
India ranks second in investor confidence for FDI investments as well. The Indian government has recently opened up the Defense Sector to private players, which has increased funds available for upgrading the defense sector. This gives the Indian military the ability to negotiate trades with the U.S. who export defense equipment into the country. Unfortunately the government of India faces a budget deficit of about 10% a year. This includes the deficits of the central and state governments. In an effort to increase their tax revenues, India’s Union Ministry of Finance adopted new tax policies with considerable frequency. Some examples of these new taxes include the introduction of a national value-added tax, also known as the fringe benefits tax. The Executive Committee of Taxation is trying to promote a tax environment in India which benefits foreign investments and business development. Along with taxes, the cities are also promoting new advancements. The transportation and infrastructure of India consists of roads, railways, airports, and ports which all help support the current growing economy. According to India's Prime Minister, India’s infrastructure sectors will require nearly $150 billion in investments over the next seven or eight years to maintain a growth and development of India at a world class level. India mainly invests in its infrastructure through public and private partnerships, and through the fair treatment of American

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