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One horrendous result of this is its ongoing inability to cope with the Covid-19 pandemic, especially the second wave in April-June 2021. India ranks at 179 out of 189 countries on prioritisation of health in the government budget. The public health sector has been systematically neglected, with allocation to it remaining around 1 per cent of the total budget. The Nicobar and Lakshadweep islands are being proposed for mega-commercial development, with scant regard for their ecological fragility and uniqueness, or local communities.Īlso read: A new globalisation is taking shape, and it’s good and bad news for India Since 2014, both economic and political measures have increased insecurity amongst the working classes and other vulnerable sections of society, and ecologically destructive projects have been cleared rapidly. What Manmohan Singh started 30 years back as then finance minister, Prime Minister Narendra Modi is taking forward with much colder precision. We showed the impacts in various sectors, including agriculture and allied occupations (farming, fisheries, pastoralism, forestry), crafts, and small-scale manufacturing. We analysed masses of data (mostly from official sources), pointing to how globalised development was decreasing economic security for millions of people, pushing even relatively self-reliant communities into a growing, debilitating dependence on government and markets. We showed how macro-economic policies that favoured integration into a global economy rather than domestic self-reliance greatly enhanced the entry of private corporations (domestic and foreign), and relaxed crucial environmental, land, labour and other safeguards in the name of ‘reducing red tape’, had a massive negative impact on the most vulnerable sections of India and its environment. In 2012, we published Churning the Earth: The Making of Global India, which analysed, in great detail, the economic, ecological, and socio-cultural impacts of 20 years of globalisation. These 30 years have actually helped set the stage for such crises, and unless there is rapid and radical course correction, we will have to confront many more and worse crises in the future.
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There is, of course, no celebration going on, given the country is in the middle of its worst health and economic crisis since Independence. Let’s home in on India, which is ‘celebrating’ the 30 th anniversary of the economic reforms that ushered it into the era of globalisation.
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Now throw into this heady mix the tendency to increase State surveillance and authoritarian tendencies as nation-states (backed by or backing corporations) enter into cutthroat competition and seek ever new resources to get a comparative edge, and you have what the world is facing now: A rapid fall into an abyss of conflict, ecological collapse, inequality and ill-being.Īlso read: Amazon, Flipkart, FB, Twitter’s troubles show Modi govt is creating a protectionist economy Global economic forces also make the majority of people live precarious lives, subject to loss of livelihood if market conditions suddenly change, or if the ecosystems and natural resources they depend on are snatched away, or if trade itself ceases, as has happened with the pandemic.Īdd to this, the routine ecological havoc caused by all that fuels globalisation – mining, transportation, power generation, plastic and toxic waste, and pollution – and the close connection between such destruction and disease, impoverishment, and the loss of livelihoods becomes clearer. Global trade agreements and the power of mega-corporations make it very difficult for most nations to restrict hazardous ‘goods’, or to enact and implement policies to protect the health of their citizens. As serious is the fact that the worldwide movement of products, investment and finance has seriously weakened the ability of governments and communities to cope with crises. It got a rollicking good ride around the world in the frenetic movement of people and materials that has been part of the last few decades of ‘development’.īut this is not the only link between globalisation and Covid-19. The rapidity of its spread, and its transformation from a site-specific infection to a pandemic, was largely due to globalisation. Whatever the origin of the novel coronavirus - the jury is still out on whether it jumped from bats or escaped from a lab in Wuhan - one thing is undisputed.