m ³AN ENGLISH PRINCESS WITH AN EGYPTIAN

BOYFRIEND
m CRASHES IN A FRENCH TUNNEL,
m DRIVING A GERMAN CAR
m WITH A DUTCH ENGINE,
m DRIVEN BY A BELGIAN WHO WAS HIGH ON
SCOTTISH WHISKEY, ««
m FOLLOWED BY ITALIAN PAPARAZZI,
m ON JAPANESE MOTORCYCLES,
m TREATED BY AN AMERICAN DOCTOR,
m USING BRAZILIAN MEDICINES!
m AND THIS IS SENT TO YOU BY AN INDIAN,
m USING BILL GATE¶ S TECHNOLOGY,
m WHICH HE STOLE FROM JAPANESE
m AND YOU ARE PROBABLY READING THIS ON
ONE OF THE IBM CLONES THAT USE
PHILLIPINE-MADE CHIPS & KOREAN-MADE
MONITORS,
m ASSEMBLED BY BANGLADESHI WORKERS
IN A SINGAPORE PLANT, TRANSPORTED BY
TRUCKS DRIVEN BY MALAYSIANS,
m HIJACKED BY INDONESIANS,
m AND FINALLY SOLD TO YOU BY A CHINESE!
m IT IS THE SHIFT TOWARDS A MORE
INTEGRATED & INTERDEPENDENT WORLD
ECONOMY. (CHARLES HILL)

m SIMPLY PUT, IT IS THE PROCESS BY WHICH

AN ACTIVITY OR UNDERTAKING BECOMES
WORLDWIDE IN SCOPE (SUNDARAM &
BLACK)
 IT HAS TWO MAIN COMPONENTS :

m GLOBALISATION OF MARKETS

m GLOBALISATION OF PRODUCTION
m Õ OBA ISATION OF MARKETS REFERS TO
THE MERGING OF HISTORICALLY DISTINCT
& SEPARATE MARKETS INTO ONE HUGE
GLOBAL MARKETPLACE.
m Õ OBA ISATION OF PRODUCTION REFERS
TO THE SOURCING OF GOODS & SERVICES
FROM LOCATIONS AROUND THE GLOBE TO
TAKE ADVANTAGE OF NATIONAL
DIFFERENCES IN THE COST & QUALITY OF
FACTORS OF PRODUCTION (LIKE LABOUR,
LAND & CAPITAL)
m EMERGENCE OF SERVICE SECTOR DUE TO NEW
TECHNOLOGY/ PRODUCTS
m CONSUMER DEMANDS & CONSUMER FOCUS
m ACCESS TO FINANCIAL RESOURCES
m MOBILITY OF SKILLED WORK FORCE
m TO GET TECHNOLOGY (I.T./ PHARMA / B.T.) &
MANAGERIAL KNOW-HOW)
m SECURE ASSURED MARKETS & RELIABLE
/CHEAPER SOURCES OF RAW MATERIAL &
LABOUR
 ALL THESE
DEVELOPMENTS, WHILE
BEING GOOD FOR
PROSPECTIVE GROWTH,
LEAVE MUCH TO BE
DESIRED«
m Globalisation is just another term for
µAMERICANISATION¶

m Dumping of Inferior goods

m Countries lose touch with cultural roots

m Wide income gaps

m Information Overload
m Loss of jobs in developed countries

m Environmental damage, global warming

m Extremely high levels of competition

m Patents and Intellectual Property (U.S. patented

Basmati Rice, and is trying to patent Neem&Haldi)

m TERRORISM
m HIGHLY INTER-LINKED & INTER-DEPENDENT
ECONOMIES

m International organisations like IMF, World Bank,

UN virtually in the hands of the western
superpowers.

m BRAIN DRAIN or KNOWLEDGE DRAIN

m Exploitation of labour
m Favourable only for developed economies, the
developing economies are getting lesser benefits

m The world has become too small«

m Crowding out of domestic industries

m Money, Market, MNCs, the 3 Ms of

Globalisation. What about the 4th M, Mankind??
m Due to globalisation, in the last 10 years, the
world¶s average income increased by 2.5% per
year.

m But the population of poor increased by 500

million.
m 1% of the people in the world hold 57% of the
world¶s wealth.

m Out of the top 100 economies of the world,   are

corporations!!!
m OVER THE YEARS, WE ARE PICKING UP THE
SPEED

m INDIA IS EMERGING AS ONE OF THE TOP 10

ECONOMIES IN THE WORLD

m INDIA IS ALSO ACCEPTED AS A MAJOR

EMERGING MARKET
m M
M1stRUSSIA
2nd CANADA
7thINDIA

m | |
M N1st CHINA

2nd INDIA
3rd U.S.A.
m 
M MNKNG

m SWITZER AND 1st

m ANÕO A 125th

m INDIA 43rd

m (WORLD ECONOMIC FORUM, DAVOS)

m „MC


M
N

m DENMARK 1st

m ANGOLA 125th

m INDIA 60th
m
C
NCY
NHMNC


m U.S.A. 1st

m Ukraine125th

m INDIA 41st
m N M
C

MC 

m `APAN 1st

m TIMORE- ESTE 125th

m INDIA 26th
 m NDM MNKNG
ND

„ ND
 
„MC


M
N

m N
 N34th

m N M
C

nd

m MMC
C N MY 88th

m H
MH/| MM Y
D
CM N93rd

 m NDM MNKNG
ND

„ ND
 

C
NCY
NHMNC


m HGH

D
CM N/  MNNG49th

m MM K

C
NCY st

m 
CHN  GY
MDN
55th
 m NDM MNKNG
ND

„ ND
 
N M
C

MC 

m „
N
  |HCM N th

m NN M Nth
mNDM C

N ( 8  9) 
M
G „M C M|

MNKNG  43

  

m MMD
N NDM
 N  N
C
M Y
MN MD

M
N  
MY
O  NG C


 
C
„
N 
 MNM
D N „
N


O
M
ND


C
„
 N | |

M CM N &
M N

O N
|
N
M„
„
|

| D
CY

O HGH 
MY „ MN „
 W NG


NM N
O POOR ECONOMIC INFRASTRUCTURE

O CULTURAL & IDEOLOGICAL DIVERSITY

O POLITICAL GRIDLOCKS

O ENTRENCHED DOMESTIC SECTOR

X | D
C NN M N

X | C
 NN M N

X G „M „ MNDNG / |  NNG

X

M CH & D

 |M
N / D
GN

X C  C M|

N


X MCC
   W C  CM|M
m WHAT IS MISSING ,OR SHOULD
I SAY LACKING, IS THE
MANAGERIAL PERSPECTIVE
OF PROPER SOURCING,
ALLOCATION AND UTILISATION
OF RESOURCES FOR
ENSURING OPTIMUM RESULTS
/ PERFORMANCE.
 WE HAVE DONE THIS IN
SELECTIVE AREAS LIKE
SOFTWARE , BASMATI ,
GEMS AND JEWELLERY,
AMONG OTHERS.IF WE DO
THIS IN ALL AREAS, THERE
IS NO STOPPING US.
m LET US ACT AND PRAY

m FOR THAT DAY WHEN WE CAN SAY WITH

JUSTIFIED PRIDE ±

m  HM||
N NY N NDM !!

³BE PROUD
TO BE AN
INDIAN.´