Globalization and human capital formation
Singh, Nitya Prasad
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The spread of the forces of globalization have significantly affected the modern world. Thus, in this dissertation I attempt to identify how multinational corporations have negatively influenced human capital development in developing countries such as China and India. In order to answer this research question I adopted both qualitative and quantitative methodology. Initially I resolved the question of causality i.e. multinational corporations through the mode of foreign direct investments do have an impact on the economy of India and China and hence will play an important role in influencing the higher educational policies of both these states. Post this I evaluated the cases of India and China. In the case of India, I observed that the higher educational policy of the country has changed in order to meet the manpower requirements of multinational corporations. Such a policy has resulted in growth of the rich-poor divide as well as increased rural to urban migration resulting in growth of social conflict. Furthermore, on the evaluation of the case of China I found out that, irrespective of the regime type and culture the agents of globalization i.e. multinational corporations have also had an impact of the higher educational policy of China. I observed that post the liberalization of China’s economy and the entry of multinational corporations; the higher educational policy of the country also changed in order to meet the manpower requirements of these multinational corporations. Such an educational policy has not only resulted in an increase in educational institutions but also the number of students with graduate degrees. However, this situation has also resulted in an increase in graduate unemployment levels resulting in an increase in social tensions within the society. Finally I identified the factors because of which multinational corporations have had an influence on the educational policies of these two states and concluded with how the dissertation adds to the theory and also has policy relevance.