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Journal of Emerging Trends in Economics and Management Sciences (JETEMS)

ISSN: 2141-7024

 

Article Title:
Crisis in International Business Environment in India
by Naseer Khan; Gouher Ahmed; and Rashid Rehman

Abstract:
In these days of globalization and WTO regime?s free trade, the international business has a large bearing on the national business environment; the environment is well known to be marked by competition at home and abroad. It is also known to be given to high growth in China, India and other developing countries, which is expected to usher in a new economic era for these nations. It seems a vibrant business environment marked by rapid strides in information technology and other fields. Presently however, it is ridden with a crisis of global dimensions since 2008 due to the failure of business leadership to follow fare business standards and practices and moral principles. There seems a need to regenerate the global and national business environment. In India, it is high growth driven at great environmental and human costs and social suffering. It is not serving the common man and the Bottom of the Pyramid population. It is lacking in originality, innovation and any great R & D with a laggard export sector
Keywords: world economic crisis, globalization, WTO, ethics, India
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