JAIIB | IE AND IFS | FAIR GLOBALIZATION AND DEGLOBALIZATION- CASE STUDY

In recent years, the concepts of globalization and deglobalization have become essential in shaping economic policies and practices worldwide. While globalization has simplified economic integration and growth, it has also raised concerns regarding inequality, environmental degradation, and cultural erosion. In contrast, deglobalization emphasizes localized production and self-sufficiency. Learning Sessions will take you through this article that explores the case study on the topic of dynamics of fair globalization and deglobalization, particularly in the context of the Indian Economy (IE) and the Indian Financial System (IFS).

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Fair Globalization: Fair globalization advocates for a more equitable distribution of the benefits of globalization, ensuring that all segments of society—especially marginalized and disadvantaged groups—gain from global economic activities. It emphasizes sustainable development, environmental protection, and social equity, focusing on responsible business practices and fair trade. 

Fair Globalization in the Indian Context:

-Inclusive Growth Initiatives

-Sustainable Development Goals (SDGs)

-Trade Policies and Fair Trade Practices

• Deglobalization: Deglobalization refers to the process of reducing interdependence and integration among countries, often characterized by protectionist policies, localized production, and a focus on domestic markets. This phenomenon can arise from economic downturns, political tensions, or social movements advocating for local economies over global trade. 

Deglobalization and Its Implications for India:

-Reshoring and Localization

-Protectionist Policies:

-Impact on Foreign Direct Investment (FDI)

For the extensive preparation of candidates, get details through our YouTube videos for JAIIB IE & IFS Module wise Syllabus with explanations and tips to help candidates in their preparation journey.

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To conclude, Fair globalization and deglobalization are critical themes shaping the future of the Indian Economy (IE) and the Indian Financial System (IFS). While fair globalization offers pathways for inclusive growth and sustainable development, the challenges of deglobalization demand a rethinking of strategies to ensure that India remains strong in an increasingly complex global landscape. For JAIIB aspirants, understanding these dynamics is important for navigating the multifaceted interactions between the Indian economy and the global market. Learning Sessions provides additional information about JAIIB IE & IFS ECONOMICS  by giving examples of real life scenarios.

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