Thursday, January 28, 2010

Jan 26,2010

While reflecting on yesterday's class, I was trying to figure out the relevance of the globalization debate.It dawned on me that one of the reasons behind the debate could be to emphasize the importance of looking at an issue or a problem from various perspectives. A key take-away for me is that a leader in a global setting can be more effective if that person has an understanding of both sides of the coin.

Globalization has enabled a country like India, which was bankrupt in early 1990s, to drastically raise its foreign exchange reserves by approximately $300 billion over the span of two decades. This has led to an unprecedented buying power for the Indian middle class. Additionally, it has created an economic inequality that has kept millions below poverty line and more than half of the child population undernourished. Such facts clearly indicate a mixed result as far as the impact of globalization is concerned.
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2 comments:

  1. ThuJanuary 28, 2010 at 7:48 PM

    I think the undeniable reason that makes India strong is the passing of accumulated knowledge. Sure, globalization has rather brought many third-world countries to second or firs-world countries, and such "macro-economic" problems associated with it such as poverty, nourishment, and inequalities could be solved by an effective governing system, which can create opportunies for individuals to prosper.

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  2. NitinJanuary 28, 2010 at 9:54 PM

    In addition to Ish's comment about the relevance of debate, I think, the debate allows you to practice your emotional intelligence (EI). Briefly, it allows to express your views in a passionate manner without being disrespectful to your opponent. The EI becomes more and more important as one takes on leadership role in corporate world. It even become more critical when we practice leadership in Global setting.

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