SWATI NAGPAL

The Globalization Conundrum

Ill-Wills of Globalization

Globalization uses up finite resources more quickly.

Globalization increases world carbon dioxide emissions.

Globalization makes it virtually impossible for environmental

regulators in one country to foresee the worldwide implications of

their actions.

Diminishing Importance of Nation States.

Gradual Movement to “World Government”.

Acts to increase world oil prices.

Transfers jobs from developed countries to less developed

countries.

Transfers investment spending from developed countries to

less developed countries.

Huge US balance of trade deficits.

Move taxation away from corporations to individual citizens.

Sets up a currency “race to the bottom” .

The Socio-Cultural Dynamics

Layers of Culture

• National level

• Regional level

• Gender level

• Generation level

• Social class level

• Corporate level

Elements of Culture

•Religion

•Language

•Values

•Type of Norms

•Arts and Literature

A widening gap between rich and poor (both individuals and

nations).

• Globalization and poverty alleviation.

• Globalization and within-country income inequality.

The struggling domestic manufacturing sector and consequent

social unrest.

Regional instability and rapid geographical shifts.

Ever-increasing prison population.

Dissolution of Families and Communities.

Commercialization of Culture.

The Impact

An increase in regional wars and international terrorism.

The loss of many of the world's languages.

The instability of highly complex and interlinked socio-economic

systems.

Weakening of Democracies.

Sharp increase in numbers of environmental/economic refugees.

The “Civilisational Quotient”.

Consumerism

Western Ideals

Language

A Regressive Approach

Rise of Not-So-Global Identities.

Extreme income disparity.

Domination of TNCs and the illusion of choice.

Globalization of Diseases and Terrorism.

Strengthened social evils like Discrimination and Child Labor.

Gender and ethnic Inequalities.

The Way Ahead

Allying with other local businesses.

Government intervention.

Restoration of local markets.

Reviving traditional and popular forms of people’s expression.

Imbibing sensitivity and values.