Globalization Essay

3556 words - 15 pages

Globalisation is the new buzzword that has come to dominate the world since the nineties of the last century with the end of the cold war and the break-up of the former Soviet Union and the global trend towards the rolling ball. The frontiers of the state with increased reliance on the market economy and renewed faith in the private capital and resources, a process of structural adjustment spurred by the studies and influences of the World Bank and other International organisations have started in many of the developing countries. Also Globalisation has brought in new opportunities to developing countries. Greater access to developed country markets and technology transfer hold out promise ...view middle of the document...

Globalisation is supposed to mean the international flow of ideas and knowledge, the sharing of cultures, global civil society and the global environmental movement. Among the benefits of globalisation was the promise that poor countries would have access to overseas markets, allow foreign investment that would make manufacturing cheaper and open borders would allow for free movement of populations for jobs and education.

This is not exactly how it eventually turned out for there has been a downside to this. Economics has been driving globalisation but politics has shaped it. As in the past the rules of the game have been largely set by the advanced industrial countries but these have not been a fair set of rules which is an anachronism when 50 % of the global GDP is now from developing countries. Here lie the seeds of confrontation if not conflict.

There has been evidence that the emerging new world order does not allow for US unilateralism, much less a unipolar system, and the growing evidence of the limitations of military power, the decline of the dollar, the rise of China and India, the rise of technology, information and communication, the world has become more integrated, more trans-national and also more uncertain. This is because the old order does not want to give in to the new. The cold certainty of the Cold War has been replaced by the evolving uncertainty of a new multilateralism. In this uncertain future, India will have to work out its chart according to how we see the evolving world.
As we all know, global security has a much larger meaning for all of us not just in terms of military and political security; it means the security and well being of a country and its people from hunger and want and to ensure a continuous improvement in the way of life; in other words continued prosperity, which a country derives not from its own resources but from outside its borders in this interconnected world.

In the evolving world order and with the US still the most powerful country, it is imperative that India has an abiding relationship with the US. Very often we hear words like parallel interests, natural allies, democratic, multi-ethnic, multi-religious nations and the common beliefs in the liberty of man to describe India-US relations. India has a lot to gain from an association with the US that is deep and mutual. So does the US.

While the past does not have to be a millstone it does provide lessons for India US relations and we all know that it has not always been pleasant. India and the US have often viewed problems and aims from the same prism but it is the means to achieve this that the differences have appeared. Some of these will never disappear given different interpretations of priorities and interests so the two must learn to live with these and work around them. That the two countries have begun to do this in earnest was when President George Bush visited India and the conclusion of the CNE deal. For many of us...

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