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India’s Regional Development and Globalization Benefits Essay


Introduction

In their peer-reviewed article “Investigating the Linkage Between Infrastructure and Regional Development in India: Era of Planning to Globalisation”, Ghosh and De (2005) discuss the impact of economic and social infrastructure on the development of Indian regions made within the last 25 years. I consider that this article provides relevant arguments and references to reliable sources, which illustrates its credibility and validity.

Main Body

In my opinion, the pivotal argument made by Ghosh and De (2005) refers to the necessity of globalization policies that would eliminate poverty in developing areas and remove the economic disparities between people, both in infrastructure and income. The fact is that per capita income levels in India tend to grow dramatically, thus increasing the bias among people. I can note similar views presented in the article by Cherodian and Thirlwall (2015), who claim that regional disparities in the mentioned countries remain significant based on evidence of conditional convergence that impacts GDP growth, literacy, and other aspects. In other words, there is an alarming distinction between the states in terms of income and investment in infrastructure.

Another idea I consider important is proposed by Ghosh and De (2005), who discuss social and economic infrastructure facilities’ role in supporting internal development. The study shows that no essential improvements were achieved in correlating income levels and infrastructure development within the last several decades. Similar assumptions are also provided by Lewis-Faupel, Neggers, Olken, and Pande (2016) in their research. I think that they focus on the impact of electronic procurement in India, which is a relevant topic in terms of globalization. In particular, the authors argue that e-procurement promotes quality improvement and facilitates the entry of more successful contractors into the area that needs enhancement.

In my point of view, one of the strongest points of the given article is the inclusion of both parametric and nonparametric estimates while answering the research question and determining the development trajectory. Consistent with Pereira and Andraz (2013), the authors apply a survey of the method to conduct the study. More to the point, I guess that the results of both articles are rather similar since the authors came to the conclusion about the great role of infrastructure development in developing regions.

Critically evaluating the article by Ghosh and De (2005), it is important to make it clear that Indian states with higher income per capita attract more investment in their infrastructure and develop more rapidly and effectively. On the contrary, I noted that states with a lower income tended to be less attractive for investors during globalization and remained underdeveloped (Shahbaz, Mallick, Mahalik, & Loganathan, 2015). In this regard, the main question is how to reduce the imbalance between Indian regions, so as to ensure proper development of all the states. Furthermore, I should emphasize the position of Shahbaz, Mallick, Mahalik, and Sadorsky (2016), who ponder over the idea of sustainable development in India based on energy supplies in terms of globalization. The system of economic stabilization needs to be adjusted according to the modern requirements by means of such tools as leadership perspectives and government regulation.

Conclusion

To conclude, I would like to emphasize that the role of infrastructure remains significant in the economic advancement of underdeveloped regions in India. While globalization seems to provide great opportunities for development, it is still a challenge in areas with low income and poor infrastructure. Therefore, it is essential to introduce new policies in an attempt to reduce the economic disparities between the regions of India, focusing on the opportunities provided by globalization.

References

Cherodian, R., & Thirlwall, A. P. (2015). Regional disparities in per capita income in India: Convergence or divergence?. Journal of Post Keynesian Economics, 37(3), 384-407.

Ghosh, B., & De, P. (2005). Investigating the linkage between infrastructure and regional development in India: Era of planning to globalisation. Journal of Asian Economics, 15(6), 1023-1050.

Lewis-Faupel, S., Neggers, Y., Olken, B. A., & Pande, R. (2016). Can electronic procurement improve infrastructure provision? Evidence from public works in India and Indonesia. American Economic Journal: Economic Policy, 8(3), 258-283.

Pereira, A. M., & Andraz, J. M. (2013). On the economic effects of public infrastructure investment: A survey of the international evidence. Journal of Economic Development, 38(4), 1-37.

Shahbaz, M., Mallick, H., Mahalik, M. K., & Loganathan, N. (2015). Does globalization impede environmental quality in India?. Ecological Indicators, 52(1), 379-393.

Shahbaz, M., Mallick, H., Mahalik, M. K., & Sadorsky, P. (2016). The role of globalization on the recent evolution of energy demand in India: Implications for sustainable development. Energy Economics, 55(1), 52-68.

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IvyPanda. (2020, September 25). India's Regional Development and Globalization Benefits. Retrieved from https://ivypanda.com/essays/indias-regional-development-and-globalization-benefits/

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IvyPanda. 2020. "India's Regional Development and Globalization Benefits." September 25, 2020. https://ivypanda.com/essays/indias-regional-development-and-globalization-benefits/.

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IvyPanda. (2020) 'India's Regional Development and Globalization Benefits'. 25 September.

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