Globalization via Technology In India

Paper Summary:

This paper discusses how globalization and outsourcing has affected the Indian economy and society. The paper gives a brief history about the country and discusses how technologically savvy Indian people have been since the beginning of time.
Introduction
History of India
India Historical Tidbits
Technology
Economic Impact
Economic History
Economic Boom of Today
The Ethical and Social Aspects and Effects of Globalization and Outsourcing in India
Pros
Cons
Conclusion
Bibliography

From the Paper:

"With the digital revolution and the dramatic fall in international telecommunication costs globalization has been made possible. Globalization has changed the way economies operate and this has only been possible due to the various innovations in the technological sectors. India has been in the fore-front of this global revolution. Call-centers, data processing facilities, telemedicine and software development type facilities are opening all over India and China where the labor is cheap and the trade-laws have been liberalized. Globalization would not have become as common as it is today without advancements in technology, mainly the internet. The internet allows real time communication from anywhere to anyone with access to an Internet Service Provider (ISP). With the internet, people can receive the help they need, place orders, arrange shipping and other aspects essential to today's business environment from anywhere there is internet access. Some of the reasons that India was chosen as the location for the call centers is due to the cheap labor rate, the willingness and enthusiasm to work in the global market, and the quality of education to middle class. Despite all the differences in religious, social and economic backgrounds, India has created a workforce that has embraced and used technology to position them at the forefront of outsourcing in a global economy."

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