The Hindu Business Line : `Technology will ensure that multilateralism prevails'

TECHNOLOGY and knowledge are the pillars of globalisation, thus ensuring that it is an unstoppable process. At the same time, technology has changed the nature of globalisation and has made it possible for ordinary people to make a difference, said Dr Abid Hussain, former Indian Ambassador to the US and former member of the Planning Commission.

Delivering a talk on `Latest trends in globalisation and consequential developments' as part of the annual lecture series organised by the Kerala Industrial Infrastructure Development Corporation, Dr Hussain said that globalisation was nothing new, but a new expression of an old urge and desire of man - the acquisition of power.

"However, globalisation does not mean imperialism, especially in today's world. And though globalisation itself is unstoppable, technology will ensure that multilateralism, not unilateralism, prevails."

While a dispassionate analysis of globalisation will reveal that there are some areas for vigilance, fear of globalisation should not be the dominant emotion as we move ahead, he added.

"For instance, the argument that globalisation will cause the disintegration of domestic economies has some merit. Strengthening the local industrial and agricultural sectors can prevent the disintegration of the domestic economy."

But this in turn is possible only if the State plays an active role, according to him.

Dr Hussain also said that India must not shy away from globalisation, but must do all it can to strengthen its agriculture and industry to meet globalisation head-on. Similarly, the country must also ensure that its educational system is strong enough to meet the challenges of globalisation.

"Eventually, globalisation will create an interconnected world where professionalism is able to hold its own, he said. However, India will need to work for all the benefits of globalisation."

Earlier, in his inaugural address, the Chief Minister, Mr Oommen Chandy, said that agricultural and industrial growth are at the heart of economic prosperity.

"But India needs to leverage its strengths in these areas to make use of all opportunities that exist in a globalised world," he added.

The State Industries Minister, Mr V.K. Ebrahim Kunju, and the Principal Secretary (Industries), Mr K. Mohandas, were among those who addressed the gathering.

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