Globalization is destined to drive up inequality in emerging economies such as China and India

GLOBALIZATION IS
DESTINED TO DRIVE UP
INEQUALITY IN
EMERGING ECONOMIES
SUCH AS CHINA AND
INDIA

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Globalisation impact on India and China.....................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Globalisation is defined as the integration among people, companies and governments
across the globe. The practice of globalisation is about to merge two economies, ventures and
organisation in order to achieve the common objectives. This project will discuss about the
globalisation and the ways the whole concept is promoting inequality in emerging economies
such as India and China. This project is a critical study about the whole idea of globalisation to
study increased inequality due to the whole service of globalisation under the emerging
economies.
MAIN BODY
Globalisation impact on India and China
Globalisation is a practice that involve merging the idea of two venture or more than two
entities in order to mitigate one common objective. The role of the globalization is about to
support the economic activities and also some social activities associated with the venture. The
concept of globalization has supported the various economies such as India and China to enhance
and boost the overall growth in term of economic aspects and such elements (Awan and et.al.
2020). Along with the positive impact globalisation create in form of foreign direct investment,
employment creation, profit or wealth maximisation and such other there are plenty of negative
impacts also created in the emerging economies due to the practice of globalisation. Government
in India and China support the organisations and companies at a global level to come and
entertain the growth opportunities available in the respective country. Government also cater
leniency in legal process and such like aspects involve taxation so that better culture and
environment can be allocated to the companies as a part of the globalisation.
Pollution is considered as among the major disadvantage created by the globalisation.
This is a factor resulted into spoiled air, environment, exploitation of natural resources, health
related risk and sjch like factors. All these elements create a negative impact over the health and
safety of the people of the country. The records clearly state the fact that due to pollution 9
million people got dead every single year. The proportion of death from pollution is 16% of the
overall death at a worldwide due to various diseases like AIDS, tuberculosis and such like factors
that causes to a human death. The research itself indicated the fact that air pollution is among the
major contribution globalisation created in the economies like India and China which further
causes to approximately 6.5 million deaths out of the total 9 million people died (Jun and et.al.,