De-globalisation & India: Factors and Impact

Factors of Rising De-globalisation

• Rise of Asia: Over the past few decades, developing countries like India, China, and Japan have experienced unprecedented growth. The West has been losing economic dominance to these Asian nations. As a result, industrialised nations have begun to inwards turn in an effort to halt the growth of other powers.
• Protectionism: Despite the fact that western countries have profited much from globalisation by broadening the scope of their economies and by acquiring bright people, public support for it has been rapidly dwindling.
• Security Issues: Rising security worries are one of the effects of globalisation that are ....