Vulnerability and Globalisation

Globalization, for some, is the most effective route to end poverty, while others view it as the source of all contemporary social, political, economic, and cultural ills. Taking a middle path, some scholars view globalization as a process, which, though historically inevitable, can be managed for alleviating the vulnerabilities resulting from it if not for reaping its promised benefits. The papers in this book, written by economists and sociologists in India, provide perspectives on the process of globalization by addressing the following questions from an Indian viewpoint: (a) In what ways can the process of globalization be negotiated or managed so as to create a degree of social balance between the imperatives of growth and justice? (b) How can the respective boundaries of the State and the market be redefined so that the impulse for growth in India does not exclude institutions that address both justice and equality? (c) In what ways can both a democratic polity and an active civil society contribute to this process? The information and analyses will contribute to better policies on how to manage vulnerabilities on account of globalization and lead to better outcomes for the poor and vulnerable.