| Author | Message | ||
     Vjavasi Junior Artist Username: Vjavasi Post Number: 918 Registered: 11-2009 Posted From: 192.127.94.7 Rating: N/A |
financial crisis taruvatha aa time already vachindhi tammudu...modi nidhanam ga modalu pettadu..only middle east meedhe kakunda gujarat petroleum corporation use chesi central assian and russia tho agreements chesukutunnadu..natural gas and petroleum products kosam...solar, tidal projects kosam companies tho MOU chesukunnadu technology kosam..kutch lo clinton foundation sahayamutho 500MW solar facility develop chestunnadu..ahmedabad lo auto's anni CNG chesadtu...BRTS start chesadu ahmedabad..he is making right moves to make gujarat economy gas based to start with...i am not saying we should overnight do all these things..but our approach should be in that direction..indian economy ippatiki inherently chala strong mainly because of strong internal demand and also some sort of self-sufficiency in agriculture....mana agriculture , irrigation international forces meedha depend ayyinayi ante manaki migiledhi bogge.. | ||
| Kamal Side Hero Username: Kamal Post Number: 3814 Registered: 08-2009 Posted From: 130.36.62.141 Rating: N/A |
annai .. I am a big fan of "Swadeshi Jagaran Manch" s "Swadeshi economy" concept .. kaani for a govt to take that line .. they need great political strength to move from the present line to Swadeshi .. near future lo meeru korukunedi jaragadu .. so .. better do the transistion .. slowly but smoothly ! Garv se kaho - hum Hindu hain | ||
| Vjavasi Junior Artist Username: Vjavasi Post Number: 916 Registered: 11-2009 Posted From: 192.127.94.7 Rating: N/A |
\quoteauthor{Kamal,I do not want to oppose you just for the sake of it! But lets look realistically, India is today the America of early 1900s, we have just stepped into the boat of consumerism, we are in for a long haul, before we can even think of getting over our energy demands! } we now know through the experience of countries in the west..why should we follow the same path...we can do course correction right now
we can minimize external dependency by relying on natural gas, ethanol, bio-disel,wind, solar, hydro,tidal...gujarat is experimenting with all these..also we have to reduce energy dependency in agriculture, transportation..that nuclear agreement will leave us at the mercy of few countries that have uranium deposits...all these might not be realistic at this time..but in future they may become realistic...we should gradually move in this direction..
by following this we won't be closed to the world..infact we can respond to world based on our rules and also we will have capacity to work for the genuine interests of humanity | ||
| Vjavasi Junior Artist Username: Vjavasi Post Number: 915 Registered: 11-2009 Posted From: 192.127.94.7 Rating: N/A |
World bank, IMF are tools to maintain the control of few corporations and governments over the rest of the world..their strategy goes like this..they first loan inefficient governments in developing countries in the name of development...then to pay the interest and principle these governments need foreign exchange...after a while foreign exchange becomes critical factor for governments...to get foreign exchange these govts allow MNC corporations for investment in the name of development..it's a viscious cycle..we can break this cycle provided we are self sufficient in food and energy...it's not coincidence that these monster's always try to get control over energy, food and other natural resources | ||
| Kamal Side Hero Username: Kamal Post Number: 3803 Registered: 08-2009 Posted From: 130.36.62.141 Rating: N/A |
I do not want to oppose you just for the sake of it! But lets look realistically, India is today the America of early 1900s, we have just stepped into the boat of consumerism, we are in for a long haul, before we can even think of getting over our energy demands! Secondly, when you said India needs to be become self-sufficient .. what are the sources on which India can get energy self-sufficient? Realistically, to me, India does not have what it takes to be self-sufficient in energy. We indeed have to pay a big price for energy security of the future, which we already did (there is much to come next) through a heavy handed nuclear deal last year! India needs to strategically expand in its sphere of "influence" and also Northern Africa. This whole philosophy of staying mum in global affairs is mindless ! But energy is a big concern for tomorrow ! Garv se kaho - hum Hindu hain | ||
| Kamal Side Hero Username: Kamal Post Number: 3802 Registered: 08-2009 Posted From: 130.36.62.141 Rating: N/A |
Living insane ... is the new thing ... ani cheppindi maa Britney Spears ..  Garv se kaho - hum Hindu hain | ||
| Vjavasi Junior Artist Username: Vjavasi Post Number: 911 Registered: 11-2009 Posted From: 192.127.94.7 Rating: N/A |
sorry na previous post world export oriented economy american and EU consumerism meedha depend ayyi vundhi ane daniki prrofs cheppa ..future lo atla enduku vundaka povachu ante other countries are working on alternatives to dollar as world currency...ultimately it will boil down to who controls global energy sources...that is why it is important for west to have major stake in world energy resources..if every major nation in the world could somehow become self sufficient in energy then the national economies will automatically become self-sustaining provided proper policy framework is available...it doesn't mean that there won't be any international trade...there will be exchange of goods and services but that won't be a critical factor...for example indian government in 1990's deposited gold as collateral with IMF to get foreign exchange for energy payments...even today major part of our foreign exchange spending goes towards energy payments..if we can become self sufficient in energy we can make indian economy self-sustainable with little dependence on exteranal factors...even if we depend on external sources it won't be critical | ||
| Vjavasi Junior Artist Username: Vjavasi Post Number: 910 Registered: 11-2009 Posted From: 75.131.199.90 Rating: N/A |
they won't stop until they destroy this planet....but somehow it will end | ||
| Vjavasi Junior Artist Username: Vjavasi Post Number: 909 Registered: 11-2009 Posted From: 75.131.199.90 Rating: N/A |
current financial crisis validates it....and the export oriented policies of development aspiring developing countries supports it | ||
| Vjavasi Junior Artist Username: Vjavasi Post Number: 908 Registered: 11-2009 Posted From: 75.131.199.90 Rating: N/A |
current financial validates it....and the export oriented policies of development aspiring developing countries supports it | ||
| Kamal Side Hero Username: Kamal Post Number: 3793 Registered: 08-2009 Posted From: 130.36.62.141 Rating: N/A |
This is a major assumption. What data validates this? I am not saying credit spending of American consumers is good, but the problem is, this society here aspires for more than what it can eat and the lull now is, only temporary in my view !
This the sole reason why there will be a boom and a big bang succesively. Until the greed subsides, which I really doubt, there will be such recessions hitting us continously !
Unfortunately, the social costs are intangible and non-financial, so no body (atleast liberal free-market enthusiasts) cares !
A Banana Republic shirt, made in India is $20.00 (INR 900), the same shirt when sold in India is Rs 2000. Just an example. This type of bullcrap has to be gone ! inka poorthi ga chadavaledu .. migilindi chadivi .. naa opinion postu thaa !
medhavi ni kaadu .. aina doola koddi opinion septunna .. bcos .. opinions are like a$$holes .. everyone has one !  Garv se kaho - hum Hindu hain | ||
| Vjavasi Junior Artist Username: Vjavasi Post Number: 906 Registered: 11-2009 Posted From: 75.131.199.90 Rating: N/A |
quote: The deglobalization paradigm also asserts that a �one size fits all� model like neo-liberalism or centralized bureaucratic socialism is dysfunctional and destabilizing. Instead, diversity should be expected and encouraged, as it is in nature. Shared principles of alternative economics do exist, and they have already substantially emerged in the struggle against and critical reflection over the failure of centralized socialism and capitalism. However, how these principles - the most important of which have been sketched out above - are concretely articulated will depend on the values, rhythms, and strategic choices of each society. | ||
| Basky_indya Hero Username: Basky_indya Post Number: 19141 Registered: 10-2007 Posted From: 15.195.201.91 Rating: N/A |
huhhhhhh Gigantic Techno fuctional Mega Blockbuster Magnum Opus BOMMA | ||
| Vjavasi Junior Artist Username: Vjavasi Post Number: 904 Registered: 11-2009 Posted From: 75.131.199.90 Rating: N/A |
DB medhavulu ee article meedha meedha opinion cheppandi | ||
| Vjavasi Junior Artist Username: Vjavasi Post Number: 903 Registered: 11-2009 Posted From: 75.131.199.90 Rating: N/A |
http://vijayvaani.com/FrmPublicDisplayArticle.aspx?id=904 The Virtues of Deglobalization Walden Bello 03 Nov 2009 The current global downturn, the worst since the Great Depression 70 years ago, pounded the last nail into the coffin of globalization. Already beleaguered by evidence that showed global poverty and inequality increasing, even as most poor countries experienced little or no economic growth, globalization has been terminally discredited in the last two years. As the much-heralded process of financial and trade interdependence went into reverse, it became the transmission belt not of prosperity but of economic crisis and collapse. End of an Era In their responses to the current economic crisis, governments paid lip service to global coordination, but propelled separate stimulus programs meant to rev up national markets. In so doing, governments quietly shelved export-oriented growth, long the driver of many economies, though paid the usual nostrums to advancing trade liberalization as a means of countering the global downturn by completing the Doha Round of trade negotiations under the World Trade Organization. There is increasing acknowledgment that there will be no returning to a world centrally dependent on free-spending American consumers, since many are bankrupt and nobody has taken their place. Moreover, whether agreed on internationally or unilaterally set up by national governments, a whole raft of restrictions will almost certainly be imposed on finance capital, the untrammeled mobility of which has been the cutting edge of the current crisis. Intellectual discourse, however, hasn’t yet shown many signs of this break with orthodoxy. Neo-liberalism, with its emphasis on free trade, the primacy of private enterprise, and a minimalist role for the state, continues to be the default language among policymakers. Establishment critics of market fundamentalism, including Joseph Stiglitz and Paul Krugman, have become entangled in endless debates over how large stimulus programs should be, and whether or not the state should retain an interventionist presence or, once stabilized, return the companies and banks to the private sector. Moreover some, such as Stiglitz, continue to believe in what they perceive to be the economic benefits of globalization while bemoaning its social costs. But trends are fast outpacing both ideologues and critics of neo-liberal globalization, and developments thought impossible a few years ago are gaining steam. “The integration of the world economy is in retreat on almost every front,” writes the Economist. While the magazine says that corporations continue to believe in the efficiency of global supply chains, “like any chain, these are only as strong as their weakest link. A danger point will come if firms decide that this way of organizing production has had its day.” “Deglobalization,” a term that the Economist attributes to me, is a development that the magazine, the world’s prime avatar of free market ideology, views as negative. I believe, however, that deglobalization is an opportunity. Indeed, my colleagues and I at Focus on the Global South first forwarded deglobalization as a comprehensive paradigm to replace neo-liberal globalization almost a decade ago, when the stresses, strains, and contradictions brought about by the latter had become painfully evident. Elaborated as an alternative mainly for developing countries, the deglobalization paradigm is not without relevance to the central capitalist economies. 11 Pillars of the Alternative There are 11 key prongs of the deglobalization paradigm: - Production for the domestic market must again become the center of gravity of the economy rather than production for export markets. - The principle of subsidiarity should be enshrined in economic life by encouraging production of goods at the level of the community and at the national level if this can be done at reasonable cost in order to preserve community. - Trade policy - that is, quotas and tariffs - should be used to protect the local economy from destruction by corporate-subsidized commodities with artificially low prices. - Industrial policy - including subsidies, tariffs, and trade - should be used to revitalize and strengthen the manufacturing sector. - Long-postponed measures of equitable income redistribution and land redistribution (including urban land reform) can create a vibrant internal market that would serve as the anchor of the economy and produce local financial resources for investment. - Deemphasizing growth, emphasizing upgrading the quality of life, and maximizing equity will reduce environmental disequilibrium. - The development and diffusion of environmentally congenial technology in both agriculture and industry should be encouraged. - Strategic economic decisions cannot be left to the market or to technocrats. Instead, the scope of democratic decision-making in the economy should be expanded so that all vital questions - such as which industries to develop or phase out, what proportion of the government budget to devote to agriculture, etc. - become subject to democratic discussion and choice. - Civil society must constantly monitor and supervise the private sector and the state, a process that should be institutionalized. - The property complex should be transformed into a “mixed economy” that includes community cooperatives, private enterprises, and state enterprises, and excludes transnational corporations. - Centralized global institutions like the IMF and the World Bank should be replaced with regional institutions built not on free trade and capital mobility, but on principles of cooperation that, to use the words of Hugo Chavez in describing the Bolivarian Alternative for the Americas (ALBA), “transcend the logic of capitalism.” From the Cult of Efficiency to Effective Economics The aim of the deglobalization paradigm is to move beyond the economics of narrow efficiency, in which the key criterion is the reduction of unit cost, never mind the social and ecological destabilization this process brings about. It is to move beyond a system of economic calculation that, in the words of John Maynard Keynes, made “the whole conduct of life…into a paradox of an accountant’s nightmare.” An effective economics, rather, strengthens social solidarity by subordinating the operations of the market to the values of equity, justice, and community by enlarging the sphere of democratic decision making. To use the language of the great Hungarian thinker Karl Polanyi in his book The Great Transformation, deglobalization is about “re-embedding” the economy in society, instead of having society driven by the economy. The deglobalization paradigm also asserts that a “one size fits all” model like neo-liberalism or centralized bureaucratic socialism is dysfunctional and destabilizing. Instead, diversity should be expected and encouraged, as it is in nature. Shared principles of alternative economics do exist, and they have already substantially emerged in the struggle against and critical reflection over the failure of centralized socialism and capitalism. However, how these principles - the most important of which have been sketched out above - are concretely articulated will depend on the values, rhythms, and strategic choices of each society. Deglobalization’s Pedigree Though it may sound radical, deglobalization isn’t really new. Its pedigree includes the writings of the towering British economist Keynes who, at the height of the Depression, bluntly stated: “We do not wish…to be at the mercy of world forces working out, or trying to work out, some uniform equilibrium, according to the principles of laissez faire capitalism.” Indeed, he continued, over “an increasingly wide range of industrial products, and perhaps agricultural products also, I become doubtful whether the economic cost of self-sufficiency is great enough to outweigh the other advantages of gradually bringing the producer and the consumer within the ambit of the same national, economic and financial organization. Experience accumulates to prove that most modern mass-production processes can be performed in most countries and climates with almost equal efficiency.” And with words that have a very contemporary ring, Keynes concluded, “I sympathize…with those who would minimize rather than with those who would maximize economic entanglement between nations. Ideas, knowledge, art, hospitality, travel - these are the things which should of their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible; and, above all, let finance be primarily national.” Walden Bello is a Foreign Policy in Focus columnist and member of the House of Representatives of the Philippines and senior analyst at the Bangkok-based research and advocacy institute Focus on the Global South; Courtesy Global Research [http://www.globalresearch.ca/index.php?context=va&aid=15803] |
