De-Globalization And Its Impact On Management Education *K.Naga Raju
Abstact Deglobal Deglobalisat isation ion is t!e pocess pocess o" diminis diminis!ing !ing intedep intedepende endence nce and integat integation ion bet#een bet#een cetain units aound t!e #old$ t%picall% nation-states. It is #idel% used to descibe t!e peiods o" !isto% #!en economic tade tade and and in&estment bet#een counties decline. It stands in contast to globalization globalization$$ in #!ic! units become inceasingl% integated o&e time$ and geneall% spans t!e time bet#een peiods o" globalization. '!e tem o" Deglobalisation !as dei&ed "om some o" t!e &e% po"ound c!ange in man% de&elo de&eloped ped natio nations$ ns$ #!ee #!ee tade tade as a popo popotio tion n o" total total econo economi micc acti&i acti&it% t% #ent #ent do#n do#n bet#een ()( ()( and and ()+,s. '!is decline e"es t!at t!ei economies become less integated #it! t!e est o" t!e #old economie economiess in spite o" t!e deepening deepening scope o" economic globaliza globalization tion.. !ile as #it! globalization$ it can e"e to economic economic$$ tade$ social$ tec!nological$ cultual and political dimensions$ muc! o" t!e #o t!at !as been conducted in t!e stud% o" deglobalization e"es to t!e "ield o" intenational economics. economics. /eiods o" deglobalization ae seen as inteesting compaatos to ot!e peiods$ suc! as (01,2 ()( and ()1,23,,+$ in #!ic! globalization !ad been t!e nom$ gi&en t!at globalization is t!e nom "o most people and t!us e&en peiods o" stagnant intenational inteaction ae o"ten seen seen as peio peiods ds o" deglob deglobali aliza zatio tion. n. '! '!ee Insti Institut tutee s!o s!o#s #s a clea clea bea bea "o "o econo economi micc globalization in 3,,)4 5 '!e busting o" t!e dot com bubble and bubble and t!e e&ents o" )6(( )6(( meel% meel% slo#ed do#n t!e pace o" globalization7 globalization7 t!e latest economic and "inancial cisis !as$ !o#e&e$ ceated ceated a se&ee se&ee setbac setbac "o t!e globali globalizati zation on pocess5 pocess5839 In 3,( 3,(,$ ,$ t!e t!e stands standsti till ll in t!e globalization pocess basicall% continued but #it! di""eent egional pattens4 5'!e biggest up#ad mo&ement as a egion occued in :out! Asia ;albeit Asia ;albeit a &e% mino incease< #!ile =atin Ameica and :ub :a!aan A"ica sa# a &e% mino decease in t!ei egional a&eage. >ig!
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o" stagnation #!ic! !as stated e&en be"oe t!e cuent cisis.@ Globalization$ Intenational Economics$ Economics$ Globalization Keywords: Deglobalisation$ Economic Globalization$ /ocess$ Regional Reg ional A&eage A&eage
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*K.Naga Raju$ Assistant /o"esso$ Depatment o" Management :cience$ :asi Institute o" 'ec!nolog%
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Mobile4))(3C03131$ Email Id4nagaajusasi.ac.in
IN'RODB?'ION '!e ace o" globalization is lea&ing t!e majoit% o" t!e #olds population "a be!ind.Accoding to Bnice" $ t!e ic!est 3, pecent o" t!e population gets 0C pecent o" global income$ #!ile t!e pooest Fuintile !as just ( pecent. '!is tend is getting #ose. A ne#BND/ epot called >umanit% Di&ided@ estimates t!at +1 pecent o" t!e population li&es in societies #!ee income distibution is less eFual no# t!an it #as in t!e ()),s$ alt!oug! global GD/ ballooned "om H33 tillion to H+3 tillion. o de&eloping economies in Asia$ t!e Gini coe""icient J #!ic! measues income ineFualit% on a scale "om zeo to one #!ee one is #ost J ose "om ,.CC in ()), to ,. in 3,(,. IneFualit% coesponds #it! geate economic uncetaint%$ lo#e in&estment and !ig! social tensions and political instabilit% J #it! t!e potential "o &iolence and con"licts bet#een goups. It demolis!es !uman ig!ts "o t!e &ast majoit%$ especiall% "o &ulneable goups lie #omen$ c!ilden and t!e eldel%. !at causes ineFualit%L '!e BND/ states$ :peci"ic aspects o" globalization$ suc! as inadeFuatel% egulated "inancial integation and tade libealization pocesses$ #!ose bene"its !a&e been distibuted &e% uneFuall% acoss and #it!in counties$ !a&e pla%ed a signi"icant ole in detemining t!e up#ad tend obse&ed o&e t!e last decades.@ Globalization causes ineFualit% "o &aious easons. One is t!at tade and "inancial globalization !a&e #eaened t!e bagaining position o" elati&el% immobile labo in elation to "ull% mobile capital$ di&ing do#n #ages. '!e c!ie" economist o" t!e Asian De&elopment an$ in an aticle t!at agues t!at ineFualit% jeopadizes economic go#t!$ notes t!at bet#een t!e mid-()),s and t!e mid-3,,,s$ labo income as a pecentage o" manu"actuing output "ell "om 0 pecent to 3 pecent in ?!ina and "om C+ pecent to 33 pecent in India.
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'!e BND/ also sa%s dependence on capital "lo#s made counties moe &ulneable to economic and "inancial s!ocs$ causing lo#e go#t! and emplo%ment$ #!ic! bot! dispopotionatel% a""ect t!e poo. I" globalization di&es ineFualit%$ #!at ae t!e emediesL '!e usual list o" cues "om BN agencies$ t!e old an and IM include measues to stop ta e&asion$ moe pogessi&e income ta policies$ incenti&es "o "oeign in&estment$ conditional cas! tans"es$ subsidies and cedits "o small businesses and agicultue$ limited epansion o" public in&estment and social sa"et% nets. '#o e% t!ings ae appaent in t!ese emedies.@ ist$ t!e% tal about edistibuting income$ but dont addess uneFual access to souces o" #ealt!$ suc! as land o assets. '!e% also a&oid mentioning eamples o" nationalizations t!at !a&e educed eteme ineFualit% in some counties. :econd$ t!e% dont deal #it! t!e pocess o" globalization. '!e most ambitious among t!em suggest some ind o" egulation o" speculati&e "inancial maets to minimize &olatilit%. '!e old an cleal% states t!at measues to educe ineFualit% s!ould not a""ect "ee tade.@ '!e measues to combat ineFualit% touted b% intenational "inancial institutions ignoe t!e stuctual causes o" ineFualit%. Dont be "ooled b% t!ei "as!ionable ne# name4 inclusi&e go#t!.@ '!is idea epeats old emedies and is moe concened #it! po"it t!an ineFualit%.
I" #e cae about educing ineFualit%$ #e must see ne# solutions to t!e poblem. One appoac! is deglobalization$@ a poposal de&eloped b% alden ello and ocus on t!e Global :out! in esponse to t!e Asian "inancial cisis o" ())+.
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Focus on the Global South wrote:
Deglobalization is not a s%non%m "o #it!da#ing "om t!e #old econom%. It means a pocess o" estuctuing t!e #old economic and political s%stem so t!at t!e latte builds t!e capacit% o" local and national economies instead o" degading it. Deglobalization means t!e tans"omation o" a global econom% "om one integated aound t!e needs o" tansnational copoations to one integated aound t!e needs o" peoples$ nations and communities.@ o deglobalisation$ t!ee is no one size "its all@ model lie neolibealism o centalized bueaucatic socialism. Instead$ accoding to t!is sc!eme$ di&esit% is epected and encouaged$ as it is in natue. Deglobalization:
Deglobalization is t!e pocess o" diminis!ing intedependence and integation bet#een cetain units aound t!e #old$ t%picall% nation-states. It is #idel% used to descibe t!e peiods o" !isto% #!en economic tade and in&estment bet#een counties decline. It stands in contast to globalization$ in #!ic! units become inceasingl% integated o&e time$ and geneall% spans t!e time bet#een peiods o" globalization. '!e tem o" deglobalization !as dei&ed "om some o" t!e &e% po"ound c!ange in man% de&eloped nations$ #!ee tade as a popotion o" total economic acti&it% #ent do#n bet#een ()( to ()+,s. '!is decline e"es t!at t!ei economies become less integated #it! t!e est o" t!e #old economies in spite o" t!e deepening scope o" economic globalization. !ile as #it! globalization$ it can e"e to economic$ tade$ social$ tec!nological$ cultual and political dimensions$ muc! o" t!e #o t!at !as been conducted in t!e stud% o" deglobalization e"es to t!e "ield o" intenational economics. /eiods o" deglobalization ae seen as inteesting compaatos to ot!e peiods$ suc! as (01,2()( and ()1,23,,+$ in #!ic! globalization !ad been t!e nom$ gi&en t!at globalization is t!e nom "o most people and t!us e&en peiods o" stagnant intenational inteaction ae o"ten seen as peiods o" deglobalization. '!e globalization inde o" KO :#iss Economic Institute s!o#s a clea bea "o economic globalization in 3,,)4 5 '!e busting o" t!e dot com bubble and t!e e&ents o" )6(( meel% slo#ed do#n t!e pace o" globalization7 t!e latest economic and "inancial cisis !as$ !o#e&e$ ceated a se&ee setbac "o t!e globalization pocess5 In 3,(,$ t!e standstill in t!e globalization pocess basicall% continued but #it! di""eent egional pattens4 5'!e biggest up#ad mo&ement as a egion occued in :out! Asia #!ile =atin Ameica and :ub :a!aan 4
A"ica sa# a &e% mino decease in t!ei egional a&eage. >ig! income counties and in paticula OE?D counties continue t!ei tend o" stagnation #!ic! !as stated e&en be"oe t!e cuent cisis.5 '!e deam o" all poponents o" #old tade #it!out baies came muc! close to its "ul"illment #!en t!e old 'ade Oganization ;'O< #as "inall% boug!t into eistence in Maaec!$ Moocco$ as a esult o" t!e Bugua% RoundP( o" multilateal tade negotiations bet#een national go&enments$ taing place "om ()0 till ()). '!e 'O ageement #as signed on (1 Apil ()) and enteed into "oce on ( anua% ())1. 'oget!e #it! t!e Geneal Ageement on 'ade and 'ai""s ;GA''<$ eisting since ()+ and dealing #it! goods$ t#o moe ageements ae no# administeed b% t!e 'O4 t!e Geneal Ageement on 'ade in :e&ices ;GA':< and t!e 'ade-Related Aspects o" Intellectual /opet% Rig!ts ;'RI/:<. As a esult o" t!e Bugua% Round a ange o" se&ice sectos #ee selected "o "ut!e libealization including educational se&ices. '!e main objecti&e o" GA': emains t!e same as it !as been "o GA'' - pogessi&e libealization s!ould be ac!ie&ed t!oug! subseFuent ounds o" negotiations. Duing t!ese negotiations t!e 'O membe states ae epected to tae on &aious le&els o" obligations to educe baies in especti&e se&ice sectos. :ome e% poposals o" deglobalization to eall% addess t!e elations!ip bet#een globalization and ineFualit% ae4 •
Reoient national economies a#a% "om epot poduction and to#ad poduction "o t!e local maet to "ul"ill basic !uman needs$ el%ing pimail% on domestic esouces and emplo%ing tec!nologies t!at en!ance at!e t!an desto% t!e communit%$ t!e en&ionment and li"e itsel".
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Implement policies t!at edistibute t!e souces o" income and #ealt! suc! as land$ ensuing domestic contol o&e e% sectos o" t!e econom% and pomoting communal access to basic se&ices lie #ate$ !ealt! cae and education.
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/o&ide moe esouces to ual aeas to !alt t!e migations t!at incease ineFualit% and ob local communities t!oug! esouce gabbing.
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'!is means epanding public se&ices in ual aeas and implementing tools to boost "ood so&eeignt% t!at !a&e been de&eloped b% peasants and indigenous communities.
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De-emp!asise economic go#t! based on t!e ecognition t!at t!is go#t! !as limits. 5
Instead$ #e s!ould maimise eFuit% and edistibute #!at is a&ailable and possible
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#it!out beaing t!e &ital c%cles o" natue and o&es!ooting t!e ca%ing capacit% o" t!e Eat!. Mae stategic economic decisions subject to democatic c!oice$ at!e t!an lea&ing
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t!em to t!e maet. In ot!e #ods$ bing paticipato% democac% to t!e sp!ee o" t!e econom%.
e eamine stategic options "o business sc!ools$ noting t!at #it!in t!e net (,23, %eas$ majo c!anges in t!e demand and suppl% o" education ae liel%. Management educatos need to de&elop cae"ul stategies t!at conside t!e di&es o" c!ange suc! as globalization$ disupti&e tec!nologies$ demogap!ic s!i"ts$ and deegulation. e compae indust% tans"omations in !ealt!cae$ "inancial se&ices$ and t!e ailines #it! t!e de&eloping situation in management education7 suggest c!anges to stategic elements o" management education indust%$ suc! as its pima% maets$ poducts$ and patnes!ips7 and discuss t!e implications o" suc! c!anges.
Globalization is egaded as an o&e#!elming tendenc% #!ic! can bing about geat bene"its and "eedom to no#ada%s maet. >o#e&e$ de-globalization #as addessed b% man% #ites since t!e #old is "ull o" uncetaint% and unpedictable c!anges. >R$ as a stategic tool "o multinational "ims$ s!ould pla% an acti&e ole in t!e pepaation "o t!e possible coming deglobalization. >R s!ould be acti&e to impo&e its stateg%$ policies$ and pactices to guaantee t!e competenc% o" compan% in t!is c!angeable en&ionment. Measures of deglobalization
As #it! globalization$ economic deglobalization can be measued in di""eent #a%s. '!ese cente aound t!e "ou main economic "lo#s4 •
Goods and se&ices$ e.g. epots plus impots as a popotion o" national income o pe !ead o" population.
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=abou6people$ e.g. net migation ates7 in#ad o out#ad migation "lo#s$ #eig!ted b% population ;and esultant emittances in pe cent o" GD/<
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?apital$ e.g. in#ad o out#ad diect in&estment as a popotion o" national income o pe !ead o" population
It is geneall% not t!oug!t possible to measue deglobalization t!oug! lac o" "lo#s o" tec!nolog%$ t!e "out! main "lo#. '!ose aeas t!at ae measuable do suggest ot!e possible measues$ including4 •
A&eage tai""s
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ode estictions on labou
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Restictions on "oeign diect in&estment o out#ad diect in&estment
One o" t!e pominent eamples o" deglobalization mo&ement could be "ound in t!e Bnited :tates o" Ameica$ #!ee t!e us! and Obama administation instituted u% Ameican Act clause as pat% o" massi&e stimulus pacage$ #!ic! #as designed to "a&o Ameicanmade goods o&e taded goods. =ie#ise$ t!e EB !as imposed ne# subsidies to potect t!ei agicultual sectos "o t!ei o#n potection. '!ese mo&ements o" deglobalization ae can be seen as t!e eample o" !o# de&eloped nations eact to t!e inancial cisis o" 3,,+2 ,0 t!oug! deglobalization mo&ements.
Risks of deglobalization
'%picall% a eduction o" t!e le&el o" intenational integation o" economies ;and t!e #old econom% at lage< ae epected to eet second ound e""ects elated to "ou "eedbac mec!anisms4
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a eduction o" ;t!e ate o" go#t!< o" intenational tade #ill "eed negati&el% into to long-un go#t!
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a loss o" inteaction$ t!e co-mo&ement o" economies$
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tade polic% "eedbacs in t!e sense t!at educed intenational inteaction and lo#e go#t! #ill stimulate potectionism and non-economic issue aeas #!ee educed coopeation among counties and e&en an inceasing is o" intenational con"lict can be epected.
Globalization and Education Globalization !as a close elation #it! education. As education !as an impotant place in s!aping a societ%$ it !as to be connected #it! globalization and t!e global acti&ities !a&e a deep impact on education. Globalization o" t!e #old economies is leading to inceased emp!asis on intenationalization o" t!e cuiculum. It also contibutes to oppotunities "o ne# patnes!ips in eseac! and teac!ing #it! agencies and institutions acoss t!e globe ;'#igg and Oblinge$ ())<. Globalization is one o" se&eal po#e"ul #old#ide "oces t!at ae tans"oming t!e basis o" business competition$ paadoicall% !aening an ea in #!ic! small$ local communities o" pactice ma% become a peminent stuctual "om. ?ommunities o" pactice enable oganizations to build$ s!ae and appl% t!e deep le&el o" competence eFuied to compete in a no#ledge-based global econom% ;Duce$ ())C<.
>umanit% li&es an inceasingl% and apid c!ange in e&e% aea. :ocial$ economic and cultual &alues ae "oced ne# c!allenges. it! t!e concept o" globalization a lot o" c!anges ae epected in t!e "ield o" education. 'aditional stuctue o" t!e education !as to be c!anged. One o" t!e main duties o" sc!ools is to en!ance t!e indi&iduals appopiateness "o t!e apid c!anges. As ening ;())+< emas toda% uni&esities and ot!e institutions ae edoubling t!ei e""ots to espond to social c!ange. '!e% !a&e to implement societ%s epectations. Godon ;()))< outlines t!e impotance o" !ig!e education in t!e leaning societ% b%
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attibuting t!e epot o" t!e National ?ommittee o" InFui% into >ig!e Education as "ollo#s4 >ig!e education is "undamental to t!e social$ economic and cultual !ealt! o" t!e nation.
It #ill contibute not onl% t!oug! t!e intellectual de&elopment o" students and b% eFuipping t!em "o #o$ but also b% adding to t!e #olds stoe o" no#ledge and undestanding$ "osteing cultue "o its o#n sae$ and pomoting t!e &alues t!at c!aacteize !ig!e education4 espect "o e&idence7 espect "o indi&iduals and t!ei &ie#s and t!e seac! "o tut!. EFuall%$ pat o" its tas #ill be to accept a dut% o" cae "o t!e #ell being o" ou democatic ci&ilization$ based on espect "o t!e indi&idual and espect b% t!e indi&idual "o t!e con&entions and la#s #!ic! po&ide t!e basis o" a ci&ilized societ%. In t!e "utue uni&esities and ot!e institutions ae not t!oug!t onl% "o t!e %oung. '!e% ae epected to become moe open to people o" all ages #!o #is! to "ut!e t!ei education. Bni&esities and ot!e institutions #ill be open to an%one #!o !as acFuied t!e moti&ation to lean and t!e abilit% to pecei&e issues t!oug! social epeience o (C0 A ?itical Eamination o" Globalization... in&ol&ement in &oluntee and ot!e acti&ities. esides$ an incease in t!e numbe o" students$ bot! pat-time and "ull-time$ is epected and t!is is t!oug!t to lead to t!e "omation o" an academic en&ionment #it! geate dept!. Gaduate stud% is also liel% to become moe a&ailable to nonacademic membes o" societ%. As !ig!e education is an in&estment in !uman pogess and pospeit%$ duing apid social and economic c!ange$ it is especiall% impotant t!at uni&esities and ot!e institutions o" !ig!e education conside t!ei contibution to societ% "om a boad$ long-tem pespecti&e ;Minist% o" Education$ :cience$ :pots and ?ultue$ ())1<.
A RAMEORK OR ?REA'ING A G=OA= A//ROA?> 'O >IG>ER EDB?A'ION
In t!e lig!t o" ealie discussion$ it is clea t!at cuent s!ot-tem and unde-esouced e""ots to engende a moe intenational "ocus at :out! A"ican uni&esities ae not sustainable. Isolated appoac!es to globalising !ig!e education #ill not #o. A moe conceted and integated "ocus on establis!ing a "ull%-"ledged stategic globalisation stateg% "o a uni&esit% is needed . '!e success o" t!e global !ig!e education stateg% depends on t#o e% "actos in"oming t!e pocess p!ases and inte"acing in a ecipocal elations!ip #it! t!e "ou p!ases o" t!e "ame#o$ t!at is$ t!e ceation and go#t! o" a tue global uni&esit% cultue 9
#!ic! is eFuied$ and in&ol&es tanscending t!e cuent cit%$ po&incial o national model used in :out! A"ica.
'!is implies a global mindset among all sta"" in eac!ing out to t!e global #old$ beginning #it! t!e est o" A"ica$ and t!en$ epanding into t!e est o" t!e #old. In addition$ a signi"icant esouce allocation is needed to ensue t!at t!e uni&esit% tans"oms its cuent cit%$ po&incial and national "ocus to become global. A "ull% integated global uni&esit% eFuies substantial in&estment in t!e ceating and maintenance o" global in"astuctue$ cuiculum$ sta"" ec!ange pogammes$ busaies$ appointing o" intenational sta""$ accommodation and ta&elling$ and man% ot!e cost items.
Should the mentioned two prerequisites be put in place, an enabling enironment iscreased for the four phases of the framework to be implemented thus:
/!ase (4 Global stategic intent In t!e "ist p!ase$ t!e uni&esit% #ill egiste its intent to become moe global in its t!ining$ appoac! to teac!ing$ cuiculum and eseac!. '%picall%$ t!e uni&esit% #ill geneate o e"ine a moe global &ision and mission$ and #ill set some goals in tems o" a egional "ocus ;"o eample$ t!e stong A"ican egional intent epessed b% B and Bnisa<.'!is p!ase also includes a pope global and egional en&ionmental scanning o" t!e !ig!e education landscape and t%picall% concludes #it! an outline o" global c!allenges and oppotunities.
/!ase 34 ?a"t global !ig!e education stateg% :econdl%$ t!e uni&esit% #ill ca"t its global !ig!e education stateg%. ?lea goals and objecti&es #ill be set duing t!is stage$ in ot!e #ods$ #!at t!e uni&esit% #ants to ac!ie&e #it! its globalisation stateg%. Duing t!is p!ase$ it is citical to cleal% s!o# t!e di""eence bet#een t!e status Fuo and "utue goals
?onclusion
'!e pesent nationalistic modes o" Fualit% assuance$ including institutional and pogammatic acceditation #ill ine&itabl% !a&e to #o in conjunction and6o gi&e #a% to global "oms o" public potection and educational Fualit%. o se&ing t!e global maet$ it is 10
impotant t!at t!e o&eall Fualit% and standads o" education a&ailable in a count% must con"om to cetain t!es! !old le&els to become intenationall% acceptable. At t!e same time one !as to ealize t!at doing moe o bette o" #!at one !as been doing all along ma% not be enoug! to be accepted as intenational education. '!ee must be a cetain elements o" educational po&isions and t!e institutional basic in"astuctue to mae t!e gade as t!e po&ide o" education "o t!e intenational clientele.
Man% institutions ae using se&eal geneic stategies "o t!is pupose. Implementation o" cetain acti&ities suc! as eoienting t!e cuiculum "ocusing on t!e intenational needs and epectations$ students and "acult% ec!anges$ tec!nical assistance "om ot!es to aise up be%ond t!e national standads and !a&ing intenational students in t!e campuses to en!ance t!e intenational ambience "o t!e education t!e% o""e ae some speci"ic eamples. =ie#ise$ emp!asis on t!e de&elopment o" ne# sills$ no#ledge$ attitudes and &alues in students and "acult% t!at #ill lead to t!e de&elopment o" cetain identi"ied global6intenational competencies$ pomotion o" intenational6intecultual acti&ities in t!e campus must be gi&en pioit%. '!ese ma% be implemented t!oug! eit!e integation o in"usion into teac!ing$ eseac! and se&ices elated acti&ities. '!ese initiati&es s!ould be baced up and suppoted b% appopiate policies and pocesses at t!e institutional and6o at go&enment le&el.
Reference:
(.Knig!t$ . Intenationalization o" >ig!e Education4 In Qualit% and Intenationalization in >ig!e Education. IM>E /ublication.())).
3.Knig!t$ and >ans de it. An Intoduction to t!e IQR/ /oject and /ocess. In Qualit% and Intenationalization in >ig!e Education. ())).
C./eace =enn. M. '!e globalization o" t!e /o"essions and !ig!e education4 'ade ageements$ ne# tec!nologies and t!e Qualit% impeati&es. >ig!e Education in Euope. ol. i. No. . ()). 11
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