RaJiv Dixit Globalisation / Liberalisation short notes
Globalisation means you are going Global. World Bank and IMF which are controlled by USA and its allies, they direct rest of the world, how to be global. Russia was broken by this globalisation. Latin America and south east Asian contries also lost huge money for this so called Globalisation. In july 1991, India went global and presciption of how to become global was given:- Devalue your currency. cut Import duties. Cut Govt social exp on health, education and sanitation. Allow foreign financial Institutions free hand in stock markets. (FII) Since then uptil june 97, we have been global as per their conditions and lets see what we got.. Currency devalued from 18.11 to 39.15 per dollar which means exports cheap, Imports costly. Loan amount of say 1000 rs will be automatically 2000 rs now in principal itself... This is how they fool... In parliament, sardar MMS (Mute Manmohan singh), American agent, said 94000 crore rs MOU signed from 1991 to 1997.. Inflow of Foreign Loan, Aid, F...