2017
INDIAN SCHOOL OF
BUSINESS & FINANCE
NEW DELHI
AUGUST
Vol 1, Issue 2
the
the INQUIRER
INQUIRER
What we’re facing right now
– in terms of the rise of
populism and divisive and
fearful narratives around
the world – it’s based
around the fact that
globalisation doesn’t seem
to be working for the middle
class, for ordinary people.
JUSTIN TRUDEAU,
Prime Minister of Canada
IN
THIS ISSUE
ISBF Speaks on Pedagogy
Achievements
Events
Are we re-thinking Globalization?
It was only a few decades ago that globalization was held by many, even by
some critics, to be an inevitable, unstoppable force. “Rejecting globalization,”
the American journalist George Packer has written, “was like rejecting the
sunrise.” Globalization could take place in services, capital and ideas, making
it a notoriously imprecise term; but what it meant most often was making it
cheaper to trade across borders – something that seemed to many at the time to
be an unquestionable good.
In fact, by the time the millennium turned, most countries, including India in
1991, had globalized to varying degrees. World trade had expanded to 60% of
global GDP, and FDI flows to nearly 25%. People too moved more freely than
ever – Europe formed a historic union, and millions of workers migrated to
countries with better opportunities. World GDP grew 18 times between 1913
and 2007!
Then, a backlash to globalization, masquerading as political and economic
protectionism, suddenly began to loom large on the world stage. This recent
backlash has helped fuel the extraordinary political shifts of the past 18 months.
Britain’s exit from the European Union. Theresa May’s ascension to Prime-
Ministership. The rise of the Syriza Party in Greece. Donald Trump’s divisive
campaign and unthinkable victory. The looming collapse of the Trans-Pacific
Partnership. The Mexican Wall! A common thread underlies these recent
events. That of opposing immigration, of protecting national identity, of right-
wing populism, of anti-globalization. So, is the world re-thinking
globalization? Could globalization stop, or even reverse itself?
We, at ISBF, are a direct result of globalization in the sphere of education, and
are therefore compelled to examine in some depth the issue of globalization /
de-globalization. This issue of The Inquirer takes you through a journey that
touches this dilemma and how educational organizations like ISBF become key
players in the (de-?)globalization game.
Alumni Spotlight
Quiz
Editorial Board
Prof. Aryapriya Ganguly- Editor-in-Chief
Prof. Soumitra Mookherjee- Associate Editor
Prof. Navni Kothari- Associate Editor
(Editor-in-Chief)