Open AccessDECONSTRUCTING DE-GLOBALISATION AS A CHALLENGE USING SAP-LAP ANALYTICAL MODEL: A CASE STUDY OF INDIAN ECONOMY
Author(s) -
Ramandeep Kaur
Publication year - 2021
Publication title -
gap gyan- a gobal journal of social sciences
Language(s) - English
Resource type - Journals
ISSN - 2581-5830
DOI - 10.47968/gapgyan.41003
Subject(s) - globalization , context (archaeology) , emerging markets , financial globalization , financial crisis , economy , world economy , listing (finance) , capital (architecture) , economics , development economics , economic system , business , political science , market economy , macroeconomics , geography , finance , archaeology , law
In the years prior to 2008, that is before the global financial crisis, emerging market economies saw vigorousglobal demand, substantial improvements in terms of trade and abundant capital inflows. However, trade growthhas been frail, after the financial crisis and whether this movement is permanent or temporary still needs ananswer. It has been found that the world is moving, towards the de-globalisation era and the developed nationshave marked its instigation. The United States and Britain have adopted the policy leading to the disassembling ofthe globalisation period and the trend has now been passed on towards India. In the current study, SAP-LAPanalytical model has been used to understand the variables that have brought the shift in paradigm towards deglobalisation in India. The objective of the study is to apply SAP-LAP framework to analyse the determinantsconsisting of ‘situation’, ‘actors’ and ‘processes’ and ‘learning’, ‘action’, ‘performance’ leading to de-globalisation inthe Indian context. This modelling technique will help in listing key learning issues and will suggest necessaryactions to be taken to improve selected performance areas