Risks in Globalization by Under Develop Country and Tools for Managing Risk: An Analytical Point of Views for India – Pakistan Trade Relation

Abstract

Abstract Views: 112

The basic purpose of the study is to know the point of views of individuals, business community and the related personnel regarding trade between Pakistan and India with perspective of single side country that is Pakistan. Secondly, the study aimed to record the behavior of participants regarding trade deficit due to this trade. We conducted primary research contain closed end questionnaire filled by 200 respondents from Pakistan and the historical data of India Pakistan Trade transactions of a decade from 2001 to 2010. Furthermore, we checked the relationship among variables through regression and correlation by using SPSS. We knew that the loss and risks at the side of Pakistan whereas contrary at the side of India. There is risk of security, Brand Recognition, Inflation and Unemployment, as reflected the significant results whereas historical data reveals the trade deficit of Pakistan. These indicators are the clear symbol to restrain the trade between Pakistan and India.This study would contribute as identification of risks from India-Pakistan trade and provide the effective and efficient tools for measurement of trade risks which never found empirically. This research may take a part in studies of risks in trade and effective measurement tools as well.