The Hindu reports that Mool Chand Sharma, the Vice-Chairperson of the UGC, speaking at the convocation of the Madurai Kamaraj University, has expressed that globalisation has led to cut-throat competition and lack of morals. I must say this guy is funny.
“Speaking on the theme ‘Globalisation, global market-economy and global co-operation: Human Development in 21st century,’ he said that the financial crisis in the U.S. had spread from Wall Street to Dalal Street to the streets of Tirupur where 20,000 people might lose their jobs, according to newspaper reports.”
So, when the mills of Tirupur and Coimbatore were struggling to keep up with demand, globalisation was good. And now, when 20000 people might lose their jobs, suddenly the focus of the discussion is morality! I wonder why he needs to speak like a politician.
And there is more to it.
“… he said that while the U.S. with its financial might could weather the crisis, poor countries such as Kenya and Mongolia would suffer.”
நல்ல நாள்ல எப்போவாவது கென்யா, மங்கோலியா பத்தி யோசிச்சிருக்கீங்களா? As if the Vice-Chairperson’s role is to consider the economic policies of developing countries and the ramifications of an economic slowdown on these economies. Reminds me of the classic “unakkEn indha akkarai? yaarukkum illaadha akkarai?” dialogue.
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Tags: Coimbatore, economic crisis, Tirupur, UGC
Guruji… kaila mic kedicha, keekaradhukku 4 pear irundha, enna veenalum peesalam – this is fine example…
Or may be he wanted to say a few words on the current talk-of-the-town…
Ha ha ha
True! Now every man with a mike talks against globalization. The point I could take from these lectures is that India should focus on building a self-content economy down the line and only that can prevent this extreme sensitivity to international esp US economy!
@Yogaesh: In a globalized, interconnected world, is it really possible to build an economy that can remain unaffected by events elsewhere? Especially if that “elsewhere” is an economic powerhouse like the US?