GLOBALISATION Opportunities Complexities and Threats
WE HAVE TWO CHOICES : ▶ 1.
TO CONFINE TO OUR NESTS AND FROWN UPON EACH OTHER, OR ELSE ▶ 2. TO FLY TOGETHER IN THE OPEN SKY, SHARE OPPORTUNITIES AND THREATS.
Prof. Lallan Prasad lallanp@yahoo.com
SINCE AGES MAN HAS BEEN FIGHTING WITH EACH OTHER IN THE NAME OF RELIGION, RACE , COLOUR, CASTE AND CREED. RIGVEDA, THE MOST ANCIENT SCRIPTURE TELLS US THAT
THE ENTIRE EARTH IS ONE FAMILY – “VASUDHAIV KUTUMBAKAM”
Prof. Lallan Prasad lallanp@yahoo.com
FACILIATATING FORCES
The dream of a global village is now within the reach of human race. The facilitating forces are : LIBERALISATION AND PRIVATISATION COLONIALISM AND GROWTH IN INTERNATIONAL TRADE MNCs AND TNCs FLOW OF CAPITAL WORLWIDE INTERNATIONAL INSTITUTIONS WORLD BANK, IMF AND WTO GROWTH OF SERVICES SECTOR EMERGING MARKETS OF EAST Prof. Lallan Prasad lallanp@yahoo.com
COLLAPSE OF COMMUNISM DECREASING POWER OF STATE REGIONAL TRADING AGREEMENTS INCREASING MOVEMENT OF PEOPLE WORLDWIDE CHANGES IN LIFE STYLE AND CONSUMPTION PATTERN DEVELOPMENT OF ELECTRONIC COMMUNICATION AND INTERNET
Prof. Lallan Prasad lallanp@yahoo.com
The world economy is open. It has got the wings. “The developing economies have grown faster than in any period since 1965 and even faster since 2000. While the global picture is dominated by the larger economies, Brazil, China, India, Russia, and South Africa, recently joined by the major oil exporters are now doing well.� World Development Report 2007
Prof. Lallan Prasad lallanp@yahoo.com
OTHER SIDE OF THE COIN BUT ALL THAT GLITTERS IN THE GLOBALIZED ECONOMY IS NOT GOLD, ALL FIELDS ARE NOT GREEN, ALL SEASONS ARE NOT SPRING. ▶ A SELECT FEW NATIONS ARE BENEFITTED MOST FROM GLOBALISATION AND LIBERALISATION. ▶ RICH HAVE BECOME RICHER AND POOR HAVE BECOME POORER IN MOST PART OF THE WORLD. ▶
Prof. Lallan Prasad lallanp@yahoo.com
▶ ONE
THIRD POPULATION IN SOUTH ASIA AND OVER HALF OF THE INHABITANTS IN AFRICAN CONTINENT ARE REELING UNDER POVERTY, EARNING LESS THAN A DOLLAR PER DAY.. ▶ GLOBALISATION HAS NOT ADDRESSED ADEQUATELY THE PROBLEMS OF FARMERS FISHERMEN AND SMALL ENTERPRENEURS Prof. Lallan Prasad lallanp@yahoo.com
▶ ECONOMIC
RECESSION NOT YET OVER
BIGGEST FINANCIAL CRISIS AFTER 1930’s STOCK MARKET CRASHES JOB LOSSES, UNEMPLOYMENT DEBT BURDEN WORLDWIDE DEFLATION/INFLATION THREAT TO SOCIAL SECURITY UNETHICAL MANAGEMENT PRACTICES
Prof. Lallan Prasad lallanp@yahoo.com
▶ TERRORISM HAS GROWN OVER YEARS
RELIGIOUS AND STATE TERRORISM 09/11 IN US, BOMBINGS in London, Bali, New Delhi, Mumbay and other cities NAXALITE MOVEMENT MEDIA EXPOSURE
Prof. Lallan Prasad lallanp@yahoo.com
SOCIAL COST OF GLOBALISATION ▶
GLOBALISATION IS PROMOTING : CULTURAL CONDITIONINING, WHICH IS SEEN AS A THREAT TO ESTABLISHED TRADITIONS AND LIFE STYLES IN MANY COUNTRIES. “I DO NOT WANT MY HOUSE TO BE WALLED IN ALL SIDES, AND MY WINDOWS TO BE STUFFED. . I WANT THE CULTURE OF ALL LANDS TO BE BLOWN AROUND MY HOUSE AS FREELY AS POSSIBLE. BUT I REFUSE TO BE BLOWN OFF MY FEET BY ANY.” MAHATMA GANDHI Prof. Lallan Prasad lallanp@yahoo.com
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CONSUMERISM RESULTING INTO DEPLETION OF VAST NATURAL RESOURCES WHICH CANNOT BE REPLENISHED,THUS DEPRIVING THE FUTURE GENERATIONS FROM THE PRECIOUS RESOURCES OF THE EARTH. “THE WORLD ECOSYSTEMS ARE BEING DEGRADED AT UNPRECEDENTED RATE AND BY 2050 HUMANS WILL NEED AT LEAST TWO PLANETS WORTH OF NATURAL RESOURCES TO LIVE AS THEY DO NOW.. THE DEMAND ON THE NATURAL WORLD HAD TRIPPLED SINCE 1961, AND THE HUMANITY WAS USING THE PLANETS RESOURCES FAR MORE QUICKLY THAN THEY COULD RENEW THEMSELVES….CONTD..
Prof. Lallan Prasad lallanp@yahoo.com
PSYCHOLOGICAL PROBLEMS, INCREASE IN CRIMES,SUICIDES AND OTHER SOCIAL EVILS. ▶ NEGLECT OF OLD ,AGED AND WEAK DUE TO RISING COST OF SOCIAL SECURITY AND MEDICAL CARE. ▶ DISCRIMINATION AGAINST WOMEN ▶
Prof. Lallan Prasad lallanp@yahoo.com
ENVIRONMENTAL DEGRADATION ▶
STRESS ON ENVIRONMENT IS INCREASING FISHERIES ARE BEING OVER EXPLOITED, SOIL DEGRADED, CORAL REEFS DESTROYED
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BIODIVERSITY HAD ALREADY BEEN DAMAGED WITH TERRESTIAL SPECIES DECLINING BY 31 PERCENT BETWEEN 1970 AND 2003, FRESH WATER SPECIES BY 28 PERCENT AND MARINE SPECIES BY 27 PERCENT…” CONSERVATION GROUP WWF
Prof. Lallan Prasad lallanp@yahoo.com
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DEFORESTATION- AIR AND WATER POLLUTON ARE GOING TO CREATE SERIOUS SITUATIONS IN MANY PARTS OF THE WORLD CLIMATIC CHANGES AND GLOBAL WARMING CREATED BY INDUSTRIAL PRODUCTS SERIOUSY AFFECTING HEALTH OF THE PEOPLE “A SUBSTANTIAL FASTER MELTING OF GLACIERS, SEA LEVEL RISE, INCREASING FLOODS, DROUGHTS AND HEAT WAVES ARE A MATTER OF CONCERN FOR HUMANITY” INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE
Prof. Lallan Prasad lallanp@yahoo.com
RECOMMENDATIONS FREE MARKET ECONOMY is favoured, but HOW FREE should it be ? WE MAY FOLLOW THE MIDDLE PATH AS SUGGESTED BY
GREAT THINKERS LIKE BUDDHA, KAUTILYA, ARISTOTLE, DESCARTES
WHAT APPLIES TO LIFE, APPLIES TO ECONOMIC LIFE TOO WE NEED TO HAVE RESPONSIBLE STATE, RESPONSIBLE BUSINESS AND RESPONSIBLE COMMUNITY
WE NEED COORDINATED EFFORTS TO SHUN VIOLENCE AND TERRORISM OF ALL TYPES ▶ PROTECT AND PRESERVE OUR ENVIRONMENT FOR SUSTAINABLE GROWTH ▶ DEVELOP HUMAN CAPITAL ▶ NORTH SOUTH COOPERATION TO PROMOTE HUMAN WELFARE ▶
Prof. Lallan Prasad lallanp@yahoo.com