Golabalisation Help/hinder Flashcards

1
Q

Intro

A

Since the 1990s the Indian economy was opened and entrepreneurs were encouraged to set up business so by 2009/10 there was a growth of 7% in the economy.

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2
Q

Helped development

A

Life expectancy has gone from 59 years to 63 in 2004

Adult literacy rates have gone up from the 50% to 61% in 2204

Many new jobs have been created by MNCs in hi-tech industries

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3
Q

Hindered development

A

Despite this growth 300 million Indiana live on less than 1 dollar a day

Almost half of children under 5 are malnourished

Of Indians 500,000 villages less than half have a connection to a electricity network

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