edi­to­rial

The Smart Manager - - Contents - poorn­ima subra­ma­nian | se­nior ed­i­tor

04

Slo­gan-rais­ing out­side Par­lia­ments, protest marches and ral­lies on the streets, heated dis­cus­sions at var­i­ous fo­rums— anti-glob­al­iza­tion or de-glob­al­iza­tion seems to be the word of the year. Whether this is the next wave in­dus­tries should take cog­nizance of, is a question many are seek­ing an an­swer for. Our cover story tries to bring some clar­ity on how busi­nesses and man­agers should re­act to this trend.

But to me, a far more per­ti­nent question is—why? Why did we end up in a sit­u­a­tion where we would go against our ba­sic qual­ity—of be­ing so­cial, of be­ing in a group, of be­ing a part of a com­mu­nity—and want to close gates and erect bound­aries?

The an­swer is: lack of trust. Na­tions and pop­u­la­tions to­day are wary—of de­vel­oped coun­tries dump­ing sec­ond-grade goods on de­vel­op­ing or un­der­de­vel­oped economies; of emerg­ing mar­kets us­ing cost ad­van­tage to take away jobs from the na­tives; of multi­na­tion­als ex­ploit­ing nat­u­ral re­sources in the guise of de­vel­op­ing lo­cal economies; of gov­ern­ments re­lax­ing trad­ing norms at the cost of lo­cal busi­nesses. The world has seen all of the above be­ing true case in points. So gated economies seem to be a good op­tion.

Ir­re­spec­tive of whether this is a trend, wave, or a cy­cle, it will cease to hold any mean­ing only if gov­ern­ments, busi­nesses, and peo­ple start ‘re-build­ing’ trust. They need to ac­tively demon­strate that it is not a zero-sum game, but a win-win propo­si­tion for all.

What are your views? Do write in with your thoughts to poorn­ima@thes­mart­man­ager.com ■

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