Globalisation and the Indian Economy
Towards fair globalisation
Explain how globalisation can be made fair.
Who has really gained? The evidence shows that not everyone has benefited. Those with education, skills and money used the new chances best. Many others have not shared in the benefits.
Fair globalisation. Globalisation is now a reality, so the question is how to make it fair. In fair globalisation, everyone gets opportunities, and the benefits are shared more fairly.
What the government can do at home. Its policies must protect the interests of all people, not just the rich and powerful. It can:
- make sure labour laws are properly carried out, so workers get their rights;
- support small producers to improve until they are strong enough to compete;
- if necessary, use trade and investment barriers.
What the government can do abroad.
- Negotiate at the WTO for 'fairer rules'.
- Join hands with other developing countries that have similar interests, so that developed countries cannot dominate the WTO.
People can make a difference too. In recent years, massive campaigns and representations by people's organisations have influenced important WTO decisions on trade and investment (the book shows a demonstration against the WTO in Hong Kong, 2005). This shows that ordinary people can play an important part in the struggle for fair globalisation.
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