Unrestricted Globalization

(Note: I was a bit unwilling to submit this, as it is one of my best works). Unrestricted globalization - boon or hazard? In 1998, the BJP had led the NDA's electoral campaign with a 'swadeshi' propaganda thrust. Many of the NDA's voters had truly believed that unlike the previous regimes, the BJP-led government would not succumb to international pressures - particularly US machinations, and protect the nation's economic and national security interests. Finance ministers closely …

…challenged. The tall claims made by it's advocates need to be carefully scrutinized without the prevailing neo-liberal bias. The many failures, economic distortions and pitfalls of globalization need to be clearly exposed. Above all, India's economic policies need to be restructured to give an impetus to the local development of key technologies that play a crucial role in the modern economy and satisfy the most pressing needs of the vast majority of the Indian people.