Identify the general global practice, and introduce the specific example by providing a description (one paragraph, approximately 1⁄2 page)

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Benefits of globalization

This assignment requires students to use concrete social practices/experiences/ phenomena as a tool/resource for assessing and engaging with concepts and arguments from the course readings. Critical analysis includes such things as: paying attention to power relations, addressing implicit assumptions, examining implications, using evidence to support or reject claims, assessing the source and context of ideas, thinking historically. Your paper must be organized as follows: i. Identify the general global practice, and introduce the specific example by providing a description (one paragraph, approximately 1⁄2 page) ii. State your argument i.e., whether it illustrates “globalization from above”, “below” or both and introduce the materials you will be using to support your argument i.e., summary description of the types and sources (one paragraph, approximately 1⁄2 page) iii. Explain your argument, using the materials to support your points (approximately 1 – 1.5 pages). Use proper referencing and citation formats, as provided on BlackBoard. iv. Include a full references page FORMATTING REQUIRMENTS FOR CRITICAL REFERENCE PAPERS:  Double-spaced  12-font (Times New Roman)  1-inch margins on all sides (i.e., margins set for “Normal” or “2.54 cm)  Subheadings for major sections  Proper paragraphs  Proofread for typos, sentence structure/clarity  No extra empty spaces between sections and paragraphs  Page numbering  References page and proper citations (must use below References page)  Cover page to identify the following: name, student number, title of paper, date submitted, course title and number, number of pages included, list attached documents.  You may use *only* one line for your name or student number on inside pages (optional)  You are encouraged to print double-sided to save paper REFERENCES PAGE: You are required to provide a list of all documents that are referred to or directly cited in your paper. The subject line is ―References‖ and it is included as a separate page(s) at the end of the paper. Each document is listed alphabetically by author‘s last name (e.g., Nadeau, Mary-Jo) or by first word in the name of the company or organization (e.g., Canada Post). Each item listed must be single-spaced, with a double-space between each individual reference. Each item must also be formatted according to the samples provided below. Consistency is required – do not change the formats throughout.
Benefits of globalization(Insert Name)(Institutional Affiliation) Benefits of globalizationGlobalization can be said to be the facilitization of free flow of business and trade in general across all nations in the globe through having in place international financial systems (Harris, & Seid, 2004). Therefore, the cost of production becomes relatively cheap through reduction of transboarder flow of capital, goods as well as technology.India is a nation which has greatly benefited from globalization. Being a developing country, it has benefited from globalization though in the nineteenth centuries had its own share of problems. Indian economy was constrained by these barriers in trade and investment thanks to the new regime that ensured that India opened up to trade globally (Bishop & Adams, 2011). In the nineteenth century, India`s economy was so bad that they were almost defaulting on loans. When this challenge showed up, a review of domestic and external sector policies and measures were taken like scrapping of industrial license regime, amendments of monopolicies and restrictive trade, reduction in tariffs to those that are market determined that is exchange rates-that are determined by supply and demand. Over the years, there has now been liberalization of current account transactions. More and more sectors have opened up for foreign direct investment as well as facilitasition of entry of foreign investors in telecom, roads, air transport, insurance and other key sectors of the economy (Harris, & Seid, 2004)....

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