Geography Research Paper Example | Topics and Well Written Essays - 500 words

Geography - Research Paper Example Indias climate is influenced by mainly the southwest winds. South-west monsoon brings most of the rainfall during a year in the country. In the months of summer temperature rises up to 45 degree centigrade in the day. In the winter, it falls to as low as 1 to 8 degree centigrade in the night. Intensity of the summer season causes rain in plains of the India. The rain fall varies region to region and it is found to be between 500 mm to 1500 mm except desert of Rajasthan and Kutch where precipitation usually remain less than 250 mm. (Climate) Agriculture has always been a back bone of Indian economy since independence until 1990 when agriculture contributed more than one-third in Gross Domestic Product. India has vast arable area of 170 million hectares in 2005 which is the second largest arable area after U.S. India is among the world’s leading producer of rich, wheat, milk, sugar cane. India is either the world leader or the second largest producer in eight top crops. India is the world leader in the production of bananas, mangoes, and spices which are the important part of Indian meals. (India’s Role†¦) Post reform India saw a big surge in industrial activities and the industrial output showed the growth of 8.4 percent in 1994-95 and exports increased by 27 percent. Experts opine that Indian contribution in the world GDP will rise from 6 percent to 11 percent by the year 2025 and it will become the third largest economy after U.S, and China. The contribution of Indian industry in GDP comes to about 26 percent. (India Industry) India has been in limelight due to its software industry – the sector has been a major export earner for the country. As per The National Association of Software & Services Cos (NASSCOM), Indian IT sector is likely to see exports of $59 billion in fiscal 2011, which will show strong revenue growth of 18.7 percent over previous year. The

Multi-Fibre Agreement Impact on the European Economy Essay

Multi-Fibre Agreement Impact on the European Economy - Essay Example There was an agreement among the EU states in the year 1995 to phase out the MFA over a period of ten years. Accordingly the MFA was abolished at the end of the year 2004. The removal of the protectionist measure in the form of MFA has resulted in economic advantages to certain Western European Countries. However certain other European countries like Italy, Spain, Portugal, and Greece have raised serious complaints against the removal of the quantitative restrictions on the plea that such action had largely affected their domestic textile and clothing industry and the workers in the industry. With this background this paper presents a critical assessment of the potential benefits and problems to which European Union is subjected to due to the abolition of MFA. Before the impact of the abolition of the MFA on the European Union can be discussed it is important a background of the causes and circumstances under which MFA was entered and the immediate effect of the abolition thereof. (Jean-Pierre Lehmann) The emergence of China as an economic power had influenced all the other countries of the world to make economic adjustments to grow at the same pace as Chinese economy developed. In the light of these changes in the world economy, the Western European countries had embarked upon an association for peace and prosperity in the form of European Union. The economic and political success of the European Union had made the Eastern European countries to request for accession to the EU. All the European countries and even China opted for accession to World Trade Organization in the wake of economic globalization. (Jean-Pierre Lehmann) The formation of the EU and accession to the WTO had resulted in some over-regulation and un-dynamic inbuilt rigid aspects in some of the European economies especially for the protection of uncompetitive sectors. This had also restricted the provision of the conducive conditions for any creative destruction or innovation. Under these circumstances countries like the Netherlands, Britain, Ireland, Latvia and the Scandinavian countries have reformed their economic structures and adjusted themselves to the changing circumstances. However there are other larger economies like Germany, France, Italy, Spain, and Poland had become less successful due to their industrial sluggishness. One of the anomalies of the international trading system resulted out of such un-dynamic environment basically to protect the domestic industry was to place the textiles and garment out of the General Agreement on Trade and Tariffs (GATT) rules in the Multi-Fibre Agreement (MFA) The agreement was entered into with the intense pressure from the governments of the developed countries since there was a fear in the import-competing firms in such nations that the rise in imports from the cost-competitive developing countries would eventually destroy the viability of their domestic textile and clothing industry.( (Grimwade, 1996) "This was a defence measure initially taken in response to