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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


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

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


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


Globalisation