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 IMPLICATIONS OF GLOBALIZATION ON SELECT AGRICULTURAL INDICATORS: A COMPARATIVE ANALYSIS OF INDIA & CHINA


    Author(s):  DR. SRINIBASH DASH, MR. UMA CHARAN PATI
Abstract

International Monetary Fund has helped a lot the third world economies through the SAP for their rapid economic development. As a result, developing economies have got real push-ups from globalization; most prominently agricultural factors have facilitated economic empowerment of the masses. The most populous countries like India and China, having huge agricultural base, have been impacted the most in their drive towards sustainable development. We have made use one dependent dummy variable and t statistics to test the hypothesis as regards the pre-globalization and post-globalization changes in select agricultural indicators. The study reveals that the agricultural transformation indicators like exports; Imports, instrument land area etc. have been influenced significantly by the wave of globalization.


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