`Today Globalisation is a reality and has the potential to open and provide new opportunities at a much wider scale, but the challenge before us in India lies in making globalisation work in a manner that enables us to achieve our twin objective of growth with equity’, the Vice President, Shri Bhairon Singh Shekhawat said while releasing a book “GLOBALISATION : ITS IMPACT ON INDUSTRIAL RELATIONS IN INDIA”, written by Dr. P.D. Shenoy, here today.
The Vice President pointed out that there is wide spread feeling that globalization has not brought about intended economic benefits to the people. With the focus on augmenting trade and exports, the export-led-growth is marked by fierce competition and adoption of high technology that is capital intensive but having low employment intensity. The world has, therefore, been witnessing the phenomenon of jobless growth. People are, therefore, beginning to have critical look on the content of growth through globalization, he said.
Shri Shekhawat underlined that growth does not just mean the percentage increase in GDP. The real content and elements of growth have to be inclusive of increase in employment opportunities and economic uplift of all sections of society. We need growth that promotes development and brings down disparities by bridging the gap and divide between the rich and the poor. The ultimate thrust of globalization should be to mobilise global collective action for alleviation of poverty, development of the poor and overall economic stability in the world system, he said and added that unfortunately, this has not so happened. While the world economy has shown unprecedented growth, the disparities and the extent of poverty have not reduced, he observed.
Underling the need to have the right framework of appropriate policies which focus on speedy growth of the poor and deprived sections as also overcome under-development particularly in the backward regions, Shri Shekhawat said that success has to be measured in terms of achievements in alleviation of poverty and in increasing the access of the poor to basic education, healthcare and secured employment.
The Vice President said that keeping in view the fact that the unorganized sector constitutes 93% of the total work force in the country, we have to ensure that the process of glabalisation works for their welfare. We have millions of weavers and artisans having unique traditional skills and it is critically important to safeguard and protect them from the onslaught of fierce competition from high technology driven large-scale mechanised production. “We ought not to lose or ignore the local flavour, its time tested strength and special characteristics. Let globalization not stifle the local initiative and wipe out these special skills and talents. We need globalization to support, and upgrade wherever necessary, their traditional skills and more importantly provide them access to the global market”, Shri Shekhawat underlined.
Speaking on the occasion, the writer of the book Dr. P.D. Shenoy said that he has made an effort to assess the impact of globalisation in a comprehensive manner and has tried to present a balanced picture highlighting the achievements and benefits as well as the adverse fall-outs of glabalisation.
A number of dignitaries, senior journalists, economists and financial experts were present on the occasion.
The Vice President pointed out that there is wide spread feeling that globalization has not brought about intended economic benefits to the people. With the focus on augmenting trade and exports, the export-led-growth is marked by fierce competition and adoption of high technology that is capital intensive but having low employment intensity. The world has, therefore, been witnessing the phenomenon of jobless growth. People are, therefore, beginning to have critical look on the content of growth through globalization, he said.
Shri Shekhawat underlined that growth does not just mean the percentage increase in GDP. The real content and elements of growth have to be inclusive of increase in employment opportunities and economic uplift of all sections of society. We need growth that promotes development and brings down disparities by bridging the gap and divide between the rich and the poor. The ultimate thrust of globalization should be to mobilise global collective action for alleviation of poverty, development of the poor and overall economic stability in the world system, he said and added that unfortunately, this has not so happened. While the world economy has shown unprecedented growth, the disparities and the extent of poverty have not reduced, he observed.
Underling the need to have the right framework of appropriate policies which focus on speedy growth of the poor and deprived sections as also overcome under-development particularly in the backward regions, Shri Shekhawat said that success has to be measured in terms of achievements in alleviation of poverty and in increasing the access of the poor to basic education, healthcare and secured employment.
The Vice President said that keeping in view the fact that the unorganized sector constitutes 93% of the total work force in the country, we have to ensure that the process of glabalisation works for their welfare. We have millions of weavers and artisans having unique traditional skills and it is critically important to safeguard and protect them from the onslaught of fierce competition from high technology driven large-scale mechanised production. “We ought not to lose or ignore the local flavour, its time tested strength and special characteristics. Let globalization not stifle the local initiative and wipe out these special skills and talents. We need globalization to support, and upgrade wherever necessary, their traditional skills and more importantly provide them access to the global market”, Shri Shekhawat underlined.
Speaking on the occasion, the writer of the book Dr. P.D. Shenoy said that he has made an effort to assess the impact of globalisation in a comprehensive manner and has tried to present a balanced picture highlighting the achievements and benefits as well as the adverse fall-outs of glabalisation.
A number of dignitaries, senior journalists, economists and financial experts were present on the occasion.
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