GLOBALIZATION'S IMPACT ON RURAL ENTREPRENEUR'S
Mr. Mohammed Mazharuddin ,Dr. Basavaraja G
Assistant Professor, Tumkur University
Globalization leads to the increasing interdependence of the economies around the world, especially the immense rise in the flow of capital and the rapid development of world trade. In one way or another, countries all over the world are becoming interconnected on each other. With the quick growth of multinational companies, manufacturing is being rapidly globalised. This growing dependency has been reinforced by the reduction in knowledge and communication costs due to the information technology revolution. These powers, in combination with world banking institutionsâ€™ policies, have shaped the formulation of monetary strategy by state governments. The term entrepreneur is derived from the French word entrepreneur, meaning to pursue. It means starting a company in a corporate context. The Merriam-Webster Dictionary defines an entrepreneurâ€™s concept as one who organises, manages and assumes the risk of a business or enterprise. For people migrating from rural areas or semi-urban areas to urban areas, rural entrepreneurship is now a great opportunity. On the other, it is also a fact that a large number of rural entrepreneurs suffer several issues due to the lack of basic variables contained in rural areas especially in India. Many problems, such as lack of schooling, a lack of technological and intellectual capacity, makes it too complex for rural entrepreneurs to set up factories in rural regions at present. The economic growth of our state definitely depends to a great extent on the development of the rural areas and also on the quality of life of its rural population. The purpose of this paper is to study the impact of globalisation on Indiaâ€™s rural entrepreneurs. The paper also makes an effort to recognise rural entrepreneursâ€™ challenges and problems.
Journal Name :
EPRA International Journal of Multidisciplinary Research (IJMR)
Published on : 2021-12-30