Globalization is bringing significant economic changes and upheaval across the world. This shift in economic power is unstoppable, no matter what governments and politicians may say. All they can really do is enact policies in favor of or against globalization.
However, the will of the people and the business community, driven largely by the younger generation desirous of seeking what they feel is good for them and the community, will be the deciding factor whether globalization will succeed or not. Just as in physics where water seeks its own level, in economics and in a free society, money will flow freely and “seek its own level” until such time conditions become uneconomical.
The news article from NY Times articulates that people’s dreams are changing, especially in those economically conservative countries like India, China and other eastern countries. In these countries the young view their lives in a much different way than did their parents or grand-parents.
According to the Old Guard, “Those of us who went through the hardships of the past know the value of money in a different way,” Mr. Garde (manufacturer in India of non-stick pots and pans.) said. “Those who get quick money, their relationship is different. After globalization things happen very easily. The element of struggle is gone.”
This news article continues on to say – “The desire to flaunt new wealth, however, is a natural part of India’s economic trajectory, said Ashutosh Varshney, a Brown University professor who has studied the social dimensions of India’s economic rise.
“It does show the burst of ambition in the small towns of booming states,” Mr. Varshney said. “It is, deep down, a drive for recognition, an impulse known to be sociologically and psychologically important when those lower down rise.”
“People’s dreams are changing,” he said. (Reference: India’s Smaller Cities Showing Off Growing Wealth - New York Times October 24, 2010).
And herein lies the economic magic that businesses around the globe are leveraging.
This is a fascinating article and I recommend it to those who may be interested in globalization.
However, the will of the people and the business community, driven largely by the younger generation desirous of seeking what they feel is good for them and the community, will be the deciding factor whether globalization will succeed or not. Just as in physics where water seeks its own level, in economics and in a free society, money will flow freely and “seek its own level” until such time conditions become uneconomical.
The news article from NY Times articulates that people’s dreams are changing, especially in those economically conservative countries like India, China and other eastern countries. In these countries the young view their lives in a much different way than did their parents or grand-parents.
According to the Old Guard, “Those of us who went through the hardships of the past know the value of money in a different way,” Mr. Garde (manufacturer in India of non-stick pots and pans.) said. “Those who get quick money, their relationship is different. After globalization things happen very easily. The element of struggle is gone.”
This news article continues on to say – “The desire to flaunt new wealth, however, is a natural part of India’s economic trajectory, said Ashutosh Varshney, a Brown University professor who has studied the social dimensions of India’s economic rise.
“It does show the burst of ambition in the small towns of booming states,” Mr. Varshney said. “It is, deep down, a drive for recognition, an impulse known to be sociologically and psychologically important when those lower down rise.”
“People’s dreams are changing,” he said. (Reference: India’s Smaller Cities Showing Off Growing Wealth - New York Times October 24, 2010).
And herein lies the economic magic that businesses around the globe are leveraging.
This is a fascinating article and I recommend it to those who may be interested in globalization.
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