Description

Foreign trade is an engine of growth and innovation. It tends to optimize the use of world resources with every country specializing in the production of the commodity for which it is best suited according to natural and human resource endowment. International trade leads to an increase in productivity and competitiveness and reduction of costs and thereby growth of nations. But the economic expansion in the last century and half had alarming consequences for the global environment. The new economic policies and the structural adjustment programme often predict environmental impact without accuracy because of the complex interplay of various economic, social, political and ecological factors. These are put into effect in an effort to meet India?s severe balance of payments crisis (BOP), and to propel its economy into quicker growth and global integration. In this book, emphasizes has been given on the development of various issues and ideologies not only in the Economic sectors of the country but also some social, political, philosophical problems and measures have been taken into consideration in a lucid manner. The book will help the readers, researchers, scholars and the students of political science as well as the social sciences to a great extent.