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The Conceptual Inflation
One scholar said that rarely has a term suffered from such conceptual inflation as globalisation.
Who is looking at the G actually determines what type of answers we can expect.
For example the manufacturing industry of developed countries do not view G positively as major works & jobs are outsourced to developing nations. But the same view is not held by the developing nations.
The assertion that G cannot be now returned back sounds convincing. But generally bigger economic concepts never get banished. They change their shapes and size.
Like The Water...
If the G has to survive it has to be adjustful like the water taking the form and shapes of the respective countries. The best way is the "Localisation of Globalisationâ€.
The Regional Trade blocs are one such example where all the rules of G are practised but with the local flavours. This has potential to localise G.
Experts opine that our attitudes on G is largely based on the perception of the " winners'' or " Losers". Brexit is an example.
The real challenge of G is to create a winner only situation for every participants.
But is it possible ?
