The Inquirer ISBF_The Inquirer_AUG '17

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)