ECONOMIC TRENDS OF MIZORAM IN POST GLOBALIZATION PERIOD

Abstract

The impact of globalization has been witnessed in almost all spheres of our day to day life and economy. It has positive impact as well as negative impact on the economic, social, cultural and political spheres. From the available literature it is found that different scholars and various thinkers have perceived the impacts of globalization in different ways. In the present study on the “Economic Trends in Mizoram in Post Globalization Period” an attempt wasmade to answer some of the questions like impacts and changes on the economic developments of the Mizoram, income levels, occupational structure and sectoral shifts in the economy of Mizoram. In India, the process of structural adjustment started in the late 1970s at the insistence of International Monetary Fund and intensified in the 1980s, got a new phrase for itself as economic reforms and took full swing since 1991. The New Economic Policy or Policy of Globalization initiated since 1991, has drawn the attention of supporters and critics alike. For the present study, the term globalization has been taken in economic sense only. An attempt was made to understand the development and impact of globalization on different dimension of socio-economic life in India. The available literature supports the population view of some of the positive and negative trends of globalization as emerging from macro level and secondary data based analysis.