ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The Future of Globalisation

An analysis of globalisation in a historical perspective can help us understand how the past or the present may shape the future. In so doing, this article outlines the contours of the present era of globalisation since its inception, circa 1975, to find that the successive epochs of globalisation during the second millennium came to an abrupt end because of their own consequences embedded in the process. Given this, the article seeks to focus on the present conjuncture, at the intersection of economics and politics, when globalisation is again in crisis to reflect on its future.

Perils of Relying on American Support

The contemporary wars in the Indian subcontinent have seen an increasing involvement, or at least, mediation, by the United States. The subcontinental elite have relied far too much on the US to bring them victory in war. India learnt the lesson in 1962 when the US failed to provide India the much needed bomber support to win the war. For Pakistan, the moment arrived in 1971, when despite overt US support, it failed to preserve East Pakistan. Once again India seems to be relying on American support to achieve its objectives in Kashmir, imagining that personal relations with American leadership is enough to win wars.

Plutocracy, Populism and the 2016 American Election

Even as the plutocracies of the Republican and Democratic Party represent the same kinds of power interests, there are huge policy differences between even the most corporatist Democrats and the most “moderate” Republicans, especially on social issues. The new President, from whichever party, will have to address the power that corporate and financial institutions wield over politics in the United States.

Dreams, Dollars and Dot.Com

Immigrant success stories in the US are the stuff that dreams are made of, but there are stories too of crashes and poverty, crime and squalor. Yet the American dream still draws people; it still remains the land that lures people to join the elusive quest for happiness.

Central Asia: Impact of US-Led War on Terrorism

The war on terrorism after September 11 has brought a deepening of the US involvement in the central Asian region. This projection of American power into the centre of the Eurasian land mass has no historical precedent. With central Asian nations relying heavily on the US, its military presence there has been legitimised.

Regulating Investment

The concept of ethical investment now being enthusiastically welcomed in the US provides an avenue to promote a specific social ideology, and the new disclosure rules for corporations are an indirect channel to force countries to behave. So corporations will now crack the whip on behalf of their home country.

US as Sole Superpower

The new Bush administration's concerns over national security reflect a stance that remains mired in cold war thinking. But the US's as yet unbridled superpower status could suffer a setback not from challenges from without but from within - its own people and the ever-widening economic recession.

Stock Market, Financial Euphoria and Collective Madness

Irrational Exuberance by Robert J Shiller; Princeton University Press, Princeton, New Jersey, 2000; £ 17.50 (hardback), pp xxi + 296.
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