For a named emerging country, assess how far it has benefited from globalisation (8 marks)

Paragraph 1Globalisation is the increasing interaction between people and companies due to advances in communication, technology and transport. An example of an emerging country that has benefited from globalisation is India. Paragraph 2In 1991, the government liberalised the economy and left the market to decide what people wanted. This encouraged investment from TNCs in the form of foreign direct investment (FDI). One TNC that has taken advantage of the opportunities India has had to offer is BT. BT has opened up call centres in Mumbai and New Delhi. BT has also outsourced finance, accounts and software engineering to Bangalore. With a youthful population of 1.1 billion, cheap labour attracts investment from TNCs. English is spoken and workers are well educated. Women have benefited gaining independence in the workforce, and the government has benefited from the taxes it can collect. Foreign investment has encouraged young people, and women, in particular to succeed in India and helped support improvements in standards of education through taxes raised by the Indian government. It has created wealth and jobs for India. Paragraph 3Many of India’s rural communities are still extremely poorly paid and live in poverty. This is because the increased GDP from economic growth in India has not been equally spread. Garment workers in some Indian cities are treated with very poor working conditions. Their wages are also extremely low meaning a lot of them live in poverty. Although some garment workers work 100 hour weeks for an average of £35, there is no shortage of these workers.Paragraph 4As a result of globalisation, India’s GDP has increased from $1.2 trillion in 1991 to $7.3 trillion in 2018. This has created jobs leading to a steep decrease in unemployment from 20% to 8.5%. This means that India has benefited greatly from globalisation.