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GLOBALIZATION OR DE-GLOBALIZATION – THE WAY FORWARD FOR INDIA POST COVID 19 PANDEMIC

Journal: International Journal of Management (IJM) (Vol.12, No. 2)

Publication Date:

Authors : ;

Page : 802-816

Keywords : Covid 19; pandemic; globalization; economic growth; rural infrastructure; differences in growth;

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Abstract

One of the significant aspects of globalisation is, it lifts people from poverty, creates more employment opportunities, enhances international and cross border trade, creates access to education, health care and well-being, which has been considered as the panacea for many developing countries including India. Sufficient credit must be given to the globalisation process for bringing in more foreign direct investments into India, creating international production value chains, and making India as one of the most desirable destination for starting skill-based business activities. Except for few instances and cases, India was trumpeting and taking credit for its positive side of globalisation, until March 2020. From April 2020, globalisation started showing its worst face with the outbreak of Covid 19 pandemic, bringing every activity into a standstill position with a nation-wide lockdown. Covid 19 pandemic made us to look into the areas which the globalisation process had missed to see or overlooked to see. Some of the most forgotten areas of the globalisation process are creating and enhancing rural infrastructures. Rural infrastructures not only enhances integrated rural life, health and well-being, but can also prevent migration of the rural masses to urban cities, can help to main stable population density to an extent possible in towns and cities. The current crisis situation brought more light into the existing inadequate rural infrastructure situation in India. Policy advocates many a times indicates that the rural infrastructures is often characterised by many flaws and limitations, which limits and prevents the beneficiaries and end users. Purpose/Objective This paper is making an attempt to identify the globalization phenomenon at different levels especially in creating rural development, livelihood and infrastructure in a conceptual manner and tries to address some of the questions like- Can India continue to go for globalisation in the current manner or for de-globalisation, Can healthy practices ensure confidence to face pandemic (like) situations Design/Methodology This paper is a combination of basic and applied research and follows exploratory and descriptive research design. This study is based on both primary and secondary data. In order to understand the healthy practices followed by individuals during this pandemic time, primary study is conducted with 62 samples from two sample groups, mainly to understand the lifestyle routine practices. Samples are drawn using Snowball sampling technique. Samples from two most pandemic affected states of IndiaMaharashtra, Tamil Nadu are taken as samples. Respondents include medical graduate students and voluntary social workers Discussions/Findings/Conclusions The conceptual analysis indicates that globalization has created more growth, foreign trade, enhanced India's gross domestic product, increased inward foreign direct investment into India. At the same time, it has also enhanced the inequality at various levels, especially the rural life, migration and condition of the poor, as a result of which health care is viewed as a private good. MGRNREGA was not found to be very proficient as promised.

Last modified: 2021-03-25 15:30:02