'Globalisation is here to stay and cannot be avoided' | delhi | Hindustan Times
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'Globalisation is here to stay and cannot be avoided'

delhi Updated: Nov 21, 2008 18:40 IST
Sumant Banerji
Sumant Banerji
Hindustan Times
Highlight Story

At a time when the world economy is heading towards a recession and questions are being raised on the concept of globalisation, Nayan Chanda, director of publication, Yale centre for study of globalisation, threw his weight for a globalised world saying it can be modified but not stopped.

See webcast of Nayan's speech



"Globalisation is here to stay and cannot be avoided. We have to find a way to make it work for everybody but there is nothing one can do to stop it," Chanda said while addressing the session on "Evolution of Globalisation" on the first day of the two day

HT

Leadership Summit.



Chanda agreed there were challenges like the widening gap between haves and have nots which the current form of globalisation has to answer. "The new globalizers are the consumers and just like the pre-historic man who discovered the monsoon wind to get to India faster, it is technology that has emerged as today's monsoon wind," he said.



"However we have seen the gap between those who have the technology and those who dont, widen and that has to be bridged. Further there are other challenges like cultural and environmental for which a solution has to be found," he added.



Going to the roots of the human civilisation, Chanda said that globalisation has been around since the start of the species itself. "When 215-230 people ventured out of Africa 60,000 years ago, it was the first globalisation of the human community. There are four motivations that drive globalisation, the instinct to make profit, to convert fellow beings to their faith, the desire for adventure and exploration and to dominate and control," he said.