Sustainability of Globalisation and its Dimensions with Environmental Elements: Evidence from India


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Article type :

Original article

Author :

Somnath Das

Volume :

3

Issue :

2

Abstract :

Globalisation is a process of connectedness of a country with rest of the world in exchange of goods and services. It consists of three dimensions i.e. economic, social and political globalisation. These segments of globalisation are influenced by various environmental factors like, human development, terrorism activity, corruption rate, education etc of the country. Objective of this study is to analysis the impact of human development index, corruption perception index and global terrorism index on globalisation and its three dimensions i.e. economic, social and political globalisation of India. Also identify more influential element/s for sustainability of globalisation and its dimensions. Multiple regression analysis is implemented separately for achievement of this objective on forty eight years data (1970-2017) of India. Various tests for time series analysis are also applied here. Few results of this analysis satisfy the hypotheses but out of this some are significant other not.

Keyword :

Globalisation, sustainability, economic, social, political
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