Submission #97

Submission information
Submitted by Anonymous
29 June 2016 - 10:11pm
Global-ization Reforms

Globalization was a birth child of Russia and Germany. Russia which was a group of 15 countries, majority of which was under Soviet Union. These countries were tied forcefully and when the option of Independence was in their hand over a period of time, all these countries became independent and sovereign. After this, Soviet Union lost its dictatorship. Also after World War II, Germany was divided into two parts as East Germany and West Germany. East Germany supported Soviet Union and West Germany supported America. Due to the continuous conflict between Russia and America, Berlin created a wall of separation but as culture, living style of citizens was similar, these were divided only on the basis of territory. Around 1990’s this wall was demolished to reunite Germany. Same happened which Czech and Slovakia, North and South Korea, India and Pakistan where they were divided due to political reasons and not because of people’s demands.

 In India, 1991 Reforms where brought when Dr. Manmohan Singh was the Finance Minister and Narsimha Rao was the PM of India which brought a huge change in our Economic System. When opposite party proposed similar idea 10 years back, this idea was laughed upon. With the help of these Reforms, Import- Export increased leading to Economic Growth, Development of India, Increase in the valuation of Indian Currency etc. Earlier we had limited options with less facilities and more cost but with 1991 Reforms, Quantity, Quality and facilities have increased with less cost. Luxury items like mobiles, cars, ACs have become necessary or normal items which have improved the living standard of people. License system was completely eradicated to remove corruption by controlling gas connection, telephone connection, bank accounts, kerosene and petrol etc which reduced the cost.

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