Describe and analyze Essay Example | Topics and Well Written Essays - 1250 words

Describe and analyze - Essay ExampleBeing the biggest popular country and the second around heavily populated country in the terra firma, Indias progress is watched with remnant by scholars and economists. Many people believe that India may become a nonher superpower in the world in near future itself. It should be noned that the recent recession has caused less problems to Indias economic system even though it caused many problems in America and Europe. Prominent companies are targeting India as a manufacturing ending because of the availability of cheap labor in India. Distance is no more(prenominal) a problem for abroad companies in targeting India because of the development of cyberspace related business strategies. Offshoring and outsourcing like new business principles and the development of internet related business technologies helped India immensely in changing its destiny from a poor country to a prosperous country. Neither technology nor the dimensions of distance are a problem for India as far as development is concerned. This paper analyses Indias dimensions of distance, institutions, industrial clusters, and diffusion of technology. Distance between two countries can diaphanous itself along four basic dimensions cultural, administrative, geographic, and economic (Ghemawat, Distance Still, p.138). ... For Indians, Pakistan is a different country culturally, politically and economically whereas China is a different country in terms of politics and culture. So these countries are not in good relations with India even though they are geographically close to India. On the separate hand, geographically contrasted countries such as America and Europe are good quite a little partners of India. Economists a great deal rely on the so-called gravity theory of peck flows, which says there is a positive family between economic size and trade and a negative relationship between distance and trade (Ghemawat, Distance Still, p.138). Traditional ec onomic principles says that it is easy to increase global trade between countries of proximity. However, India is a country, which has trade relations with even distant countries. It should be noted that Europe and America are some of the distant regions from India yet India has strong economic relationships with these countries. In fact, India is a prominent member country of the Group of 20 (G-20) developing nations, even though majority of the members of this group are from Europe and America. The largest IT services markets are the most advanced economies, whose per capita incomes make them distant economically from India (Ghemawat, The Cosmopolitan, p.95). For example, America and majority of the European countries are much more developed than India. These regions or countries are the largest IT services market in the world. The per capita income these countries are much higher than that of the Indians. However, it should not be forgotten that India is one of the largest servic e IT provider and the second largest country in terms