DOCSLIB.ORG

Humanizing Neo-Liberal Globalization: a Christian Vision and Commitment in the Context of India

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Humanizing Neo-Liberal Globalization: a Christian Vision and Commitment in the Context of India Humanizing Neo-liberal Globalization: A Christian Vision and Commitment in the Context of India Author: Cyprian Tellis Persistent link: http://hdl.handle.net/2345/2932 This work is posted on eScholarship@BC, Boston College University Libraries. Boston College Electronic Thesis or Dissertation, 2011 Copyright is held by the author, with all rights reserved, unless otherwise noted. BOSTON COLLEGE SCHOOL OF THEOLOGY AND MINISTRY HUMANIZING NEO-LIBERAL GLOBALIZATION: A CHRISTIAN VISION AND COMMITMENT IN THE CONTEXT OF INDIA A DISSERTATION SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF SACRED THEOLOGY BY CYPRIAN TELLIS, S.J 2011 © copyright by CYPRIAN TELLIS 2011 THESIS DIRECTOR THOMAS J. MASSARO, S.J READERS STEPHEN J. POPE O. ERNESTO VALIENTE EXAMINER MT. DAVILA PROGRAM DIRECTOR JOHN R. SACHS, S.J Abstract There is a substantial and growing corpus of literature that describes, with convincing statistics and analysis, globalization as the greatest achievement in the history of our modern world and that it has brought the greatest degree of prosperity and economic growth to poor countries. However, seen from the perspective of the poor and the marginalized, the current globalization has not helped them to end their misery and marginalization; indeed in most cases it has actually worsened their situation. The Christian community cannot remain an idle spectator of this unjust, inhuman and sinful global reality. Analyzed from a Christian theological perspective, it is not only an economic issue but also a moral issue. It is a social sin to violate human dignity, to commodify human labor, and to marginalize the poor. Based on the teachings of the Federation of Asian Bishops Conferences, the Catholic Bishops Conference of India and some prominent Asian theologians, I contend that dialogue with other faith traditions, cultures and the poor must be an essential part of her mission of humanizing the current globalization. I argue that the Church in India should avoid the presumption that she already possesses a vision of the common good adequate to the Indian society. While remaining committed to gospel values, the Church must be an open-minded listening and learning. Contents Acknowledgements….…………………………………….………………………………………….………….viii General Introduction...............................................................................................................1 Methodology..............................................................................................................................6 Overview....................................................................................................................................7 Chapter One: Economic Globalization: Its Meaning, Ideology and Consequences for the Poor Introduction..............................................................................................................................12 1. Meaning and Definitions......................................................................................................15 1.2. Some Definitions ..........................................................................................................19 1.3. The Historical Background...........................................................................................24 2. Neo-liberalism: It’s Governing Ideology.............................................................................27 2.1. Neo-liberal Capitalism and Globalization ....................................................................32 2.2. The Re-emergence of Neo-liberalism...........................................................................33 2.3. The Unholy Trinity (the WB, WTO, IMF): the Main Agents ......................................35 3. Defining Elements of Globalization ....................................................................................38 3.1. Free Market and Global Trade......................................................................................39 3.2. Global Financial Markets..............................................................................................43 3.3. The Transnational Corporations (TNCs) ......................................................................47 4. The Impact of Globalization: An Unending Debate............................................................53 4.1. Globalization and Poverty.............................................................................................64 4.1.1. Meaning of Poverty................................................................................................65 4.1.2. Growing Poverty....................................................................................................68 4.1.3. Reasons for Global Poverty ...................................................................................71 4.2. Globalization and Social Justice ...................................................................................76 4.2.1. Globalization and Labor ........................................................................................83 4.2.1.1 The Unskilled Workers....................................................................................88 4.2.2. Peasant Communities in the Developing World....................................................89 4.3. Globalization and the Human Person ...........................................................................93 4.3.1. Commodification of Human Identity.....................................................................93 4.3.2. Self-Identity and Consumerism .............................................................................95 Conclusion ...............................................................................................................................96 Chapter Two: Alternatives to Economic Globalization Introduction..............................................................................................................................99 1. Emerging Global Alternatives ...........................................................................................102 1.1. People’s Social Movements........................................................................................103 1.1.1. Globalization from Below....................................................................................105 1.1.1.1. The Principle of Subsidiarity ........................................................................107 1.1.1.2. Its Vision and Actions...................................................................................109 1.1.1.3. Contradictions and Future of the Movement ................................................110 1.1.2. World Social Forum.............................................................................................112 1.1.3. Fair Trade Movement ..........................................................................................116 1.2. Localization.................................................................................................................120 1.3. Reformist Alternatives................................................................................................123 1.3.1. Fair Global Governance.......................................................................................125 1.3.2. International Fair Trade .......................................................................................127 1.3.2.1. Principles for Fair Trade Agreements...........................................................131 1.3.3. Developing Infrastructure and Human Capabilities ............................................133 1.3.4. Sustainable Development.....................................................................................135 2. Comprehensive Vision of Development............................................................................139 2.1. New Standard of Measurement...................................................................................140 2.2. Joseph Stiglitz’s Vision of Development....................................................................142 2.2.1. Main Components of Development.....................................................................144 2.2.1.1. Market and Private Sector.............................................................................144 2.2.1.2. The Public Sector..........................................................................................144 2.2.1.3. Individuals and Community..........................................................................145 2.3. Amartya Sen’s Capability Development Approach....................................................147 2.3.1. Multifaceted Approach to Development..............................................................149 Conclusion .............................................................................................................................152 Chapter Three: Catholic Social Teaching: A Critical Response to Neo-liberal Globalization Introduction............................................................................................................................154 1. The Church and Globalization...........................................................................................161 1.1. Globalization: “As a Moral Issue”.............................................................................166 1.2. The Church: a Sign of God’s Kingdom ......................................................................172 1.3. The Church’s Commitment to Social
Load more

Recommended publications
  • Rituals of Islamic Spirituality: a Study of Majlis Dhikr Groups
    Rituals of Islamic Spirituality A STUDY OF MAJLIS DHIKR GROUPS IN EAST JAVA Rituals of Islamic Spirituality A STUDY OF MAJLIS DHIKR GROUPS IN EAST JAVA Arif Zamhari THE AUSTRALIAN NATIONAL UNIVERSITY E P R E S S E P R E S S Published by ANU E Press The Australian National University Canberra ACT 0200, Australia Email: [email protected] This title is also available online at: http://epress.anu.edu.au/islamic_citation.html National Library of Australia Cataloguing-in-Publication entry Author: Zamhari, Arif. Title: Rituals of Islamic spirituality: a study of Majlis Dhikr groups in East Java / Arif Zamhari. ISBN: 9781921666247 (pbk) 9781921666254 (pdf) Series: Islam in Southeast Asia. Notes: Includes bibliographical references. Subjects: Islam--Rituals. Islam Doctrines. Islamic sects--Indonesia--Jawa Timur. Sufism--Indonesia--Jawa Timur. Dewey Number: 297.359598 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying or otherwise, without the prior permission of the publisher. Cover design and layout by ANU E Press Printed by Griffin Press This edition © 2010 ANU E Press Islam in Southeast Asia Series Theses at The Australian National University are assessed by external examiners and students are expected to take into account the advice of their examiners before they submit to the University Library the final versions of their theses. For this series, this final version of the thesis has been used as the basis for publication, taking into account other changesthat the author may have decided to undertake.
    [Show full text]
  • Strategies and Preparedness for Trade and Globalization in India
    AID‐FOR‐TRADE: CASE STORY UNCTAD Government of United Kingdom Department for International Development UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT Ministry of Commerce and Industry Department of Commerce of India Strategies and Preparedness for Trade and Globalization in India 1 AID‐FOR‐TRADE CASE STORY: UNCTAD GOVERNMENT OF UNITED KINGDOM DEPARTMENT FOR INTERNATIONAL DEVELOPMENT UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE OF INDIA STRATEGIES AND PREPAREDNESS FOR TRADE AND GLOBALIZATION IN INDIA Region: Asia Country: India Type: Project Author: Department of Commerce, Government of India (DOC) Contact Details: Mr. D.K. Mittal, Additional Secretary, Department of Commerce ([email protected]); or Mr. Bonapas Onguglo, Senior Economic Affairs Officer, UNCTAD ([email protected]); or Ms. Lindsey Block, Trade and Growth Adviser, DFID-India (l- [email protected]). Table of Contents 1. Issues Addressed 3 2. Objectives Pursued 3 3. Design and Implementation 3 4. Problems Encountered 4 5. Factors for Success/Failure 4 6. Results Achieved 5 7. Lessons Learned 14 _______________ 2 1. ISSUES ADRESSED This aid for trade case story delves into an eight year trade-related capacity building Project titled Strategies and Preparedness for Trade and Globalization in India. The Project was implemented by UNCTAD and financially supported by the Government of United Kingdom, acting through the Department for International Development (DFID). The Ministry of Commerce and Industry, Department of Commerce (DOC) of India was the focal point of the Project in the Government of India and also its main beneficiary. The Project was launched in January 2003 and completed on 31 December 2010.
    [Show full text]
  • Paper-8 SOCIOLOGY of GLOBALIZATION
    MA in Sociology Paper-VIII Sociology of Globalization Author Prof. Navaneeta Rath Department of Sociology Utkal University Sociology of Globalization Unit-I: Globalization: The Historical and Social Context, Distinctive Characteristics and Dimensions: Economic, Technological, Social and cultural. Unit-II:Modernization and Globalization, Neo-Liberalism and Global Capitalism and Globalization and Nation State Unit-III: Global Institutions and Actors: World Bank, MNCs, WTO, IMF, NGOs Unit-IV:Globalization and Culture: The Ethos of Globalization (Individualism, Freedom, Consumerism) Cultural Homogenization, Hegemony and Dominance Impact of Globalization on poor and women UNIT-1 1.0. Objectives 1.1. Introduction 1.1.1 Origin of the Concept of Globalisation 1.1.2 Sociological Interpretation of the Term Globalisation 1.1.3 Theories of Globalisation 1.2 The Historical and Social Context of Globalisation 1.2.1 The First Wave of Globalisation 1.2.2 The Second Wave of Globalisation 1.2.3 The Third Wave of Globalisation 1.2.4 The Fourth Wave of Globalisation 1.2.5 The Fifth Wave of Globalisation 1.3 . Distinctive Characteristics of Globalisation 1.3.1. Borderless world 1.3.2. Liberalization 1.3.3. Free Trade 1.3.4. Extended Economic Activities 1.3.5. Globalization is universal, but not a uniform process. 1.3.6. Globalisation is a historical process. 1.3.7 Globalisation is both developmental and detrimental for the society. 1.3.8 Globalisation is a long term process. 1.3.9 Globalisation is an irreversible process. 1.3.10 Globalisation leads to hybridisation, homogenisation and harmonisation. 1.3.11 Globalisation leads to dispersion and diffusion.
    [Show full text]
  • Harvardasia Quarterly
    FALL/WINTER 2013, Vol. XV, No. 3/4 HarvardA Journal of Asian StudiesAsia Affiliated with the HarvardQuarterly University Asia Center INSIDE: BEN HAMMER · Textual Scholarship in Ancient Chinese Studies JEONGHOON HA · Why South Korea Ratified the Treaty on the Non- NON ARKARAPRASERTKUL · Traditionalism and Shanghai’s Alleyways Proliferation of Nuclear Weapons (NPT) in 1975 DAVID HOPKINS · Kessen Musume MICHA’EL tanCHUM · India’s Not-So-Splendid Isolation HELEN MACNAUGhtan · The Life and Legacy of Kasai Masae: SHARINEE JAGTIANI · ASEAN and Regional Security The Mother of Japanese Volleyball NORI KATAGIRI · Great Power Politics: China and the United States SCott MORRISON · Islamic Banking in the Maldives Harvard Asia Quarterly FALL/WINTER 2013, Vol. XV, No. 3/4 EdIToR-IN-chIEF Alissa Murray MANAgINg EdIToR Jing Qian dEPuTy EdIToR-IN-chIEF Rachel Leng AREA EDITORS chINA AREA head Editor: Justin Thomas Xiaoqian hu Shuyuan Jiang JAPAN AREA head Editor: danica Truscott Kevin Luo hannah Shepherd KOREA AREA head Editor: Keungyoon Bae Rachel Leng Xiao Wen SOUThEAST ASIA AREA head Editor: Soobin Kim Purachate Manussiripen ching-yin Kwan SOUTh ASIA AREA head Editor: yukti choudhary Gerard Jumamil Wishuporn Shompoo The Harvard Asia Quarterly is a journal of Asian studies affiliated with the harvard university Asia center. ABouT ThE harvard uNIVERSITy ASIA cENTER Established on July 1, 1997, the harvard university Asia center was founded as a university-wide interfaculty initiative with an underlying mission to engage people across disciplines and regions. It was also charged with expanding South and Southeast Asian studies, including Thai Studies, in the university’s Faculty of Arts and Sciences.
    [Show full text]
  • Television, Nation, and Culture in Indonesia
    Philip Kitley Political Science/Media Studies Kitley “T in Indonesia is that of a country invent- T elevision, Nation, and Culture in Indonesia ing itself by promoting a national cultural identity. Philip Kitley, who is not only a media scholar but has also worked as a diplomat in Indonesia, shows how important television has been to both the official and popular imagination since its beginnings in the early s. It’s a fascinating tale, with implications going well beyond re- gional specialists, since the use of popular media to promote nation, citizenship, and identity is common to many countries, new and old. “As Indonesia attracts increasing international attention in the post-Soeharto era, it is important to understand the cultural as well as political issues that have led to the current turbulent situation. Kitley’s book is a well-researched, wise, and elegantly written ac- count of the forces, dreams, and policies that link public and private life in and after ‘New Order’ Indonesia.” —John Hartley, Dean of Arts, Queensland University of Technology Philip Kitley is Senior Lecturer in the Department of Humanities and International Studies, University of Southern Queensland. Research in International Studies Southeast Asia Series No. elevision, Nation, and Culture in Indonesia ISBN 0-89680-212-4 T ,!7IA8J6-iacbce! Television, Nation, and Culture in Indonesia This series of publications on Africa, Latin America, and Southeast Asia is designed to present significant research, translation, and opinion to area specialists and to a wide community of persons interested in world affairs. The editor seeks manu- scripts of quality on any subject and can generally make a decision regarding publi- cation within three months of receipt of the original work.
    [Show full text]
  • Linking Globalization to Poverty in Asia, Latin America, and Africa 3
    www.wider.unu.edu NUMBER 3, 2010 Overview Despite the enormous potential of Linking Globalization to Poverty in globalization in accelerating economic growth through greater integration into the world economy the impact of Asia, Latin America and Africa globalization on poverty reduction has been uneven. Asia has been the major benefi ciary of globalization where high growth rates and its labor-intensive pattern contributed to a spectacular reduction in poverty. In contrast, the LOBALIZATION AND POVERTY, ALONGSIDE THE ISSUE OF integration process in Latin America did G change epitomize two of the most pressing contemporary not contribute to accelerating growth international development issues. Despite the enormous potential and employment and even led, in some of globalization in accelerating economic growth and development through instances, to an informalization of the labor force. In spite of opening up, the greater integration into the world economy, the spread and transfer of failure of sub-Saharan Africa to diversify technology, and the transmission of knowledge, the impact of globalization and undergo structural transformation on poverty reduction has been uneven and even marginal in some regions, has led to the persistence of low growth such as in much of sub-Saharan Africa (SSA). Both the prevalence and depth and debilitating poverty. While the of poverty in many parts of the developing world remain unacceptably high. impact of globalization on poverty is context-specifi c, we argue that countries A question often raised is whether the actual distribution of gains intent on benefi tting from globalization from globalization is fair and, in particular, whether the poor benefi t need to adopt a pro-active stand in proportionately less from globalization and could actually be hurt by formulating regional and national it under some circumstances.
    [Show full text]
  • India in a Globalized World
    India in evolving shades of Globalization Maximizing benefits and minimizing costs Abhishek’s Take What is Globalization? Globalization is a process that encompasses the causes, courses, and consequences of transnational and transcultural integration of human and non-human activities. Today the word is used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Economic Survey 2020 Inputs For more than three-fourths of known economic history, India has been the dominant economic power globally (Maddison, 2007). The country has historically been a major wealth creator and a significant contributor to world’s GDP. Economic dominance over such long periods manifests by design, and not by mere chance. Despite such a “rich” tradition of emphasizing wealth creation, India deviated from this model for several decades after independence. However, India returned back to these roots post economic liberalisation in 1991. The exponential rise in India’s GDP and GDP per capita post liberalisation coincides with wealth generation in the stock market Political Carrying Capacity of the West for Openness and Impact on India- Economic survey 2016-17 The first figure plots the trade-GDP ratio for the world since 1870 and highlights four phases. There were two phases of globalisation (1870- 1914, 1945-1985), one phase of hyperglobalisation (Subramanian and Kessler, 2014) between 1985-2008, and one phase of deglobalisation in the inter-war period. The question today is what is likely to happen going forward represented by the three arrows: further globalisation, deglobalisation, or stagnation? These will have potentially important consequences for Indian exports and growth.
    [Show full text]
  • Freedom of the Press 2009
    Freedom of the Press 2009 FURTHER DECLINES IN GLOBAL MEDIA INDEPENDENCE Selected data from Freedom House’s annual survey of press freedom Acknowledgments Freedom of the Press 2009 could not have been completed without the contributions of numerous Freedom House staff and consultants. The following section, entitled “The Survey Team,” contains a detailed list of writers without whose efforts this project would not have been possible. Karin Deutsch Karlekar, a senior researcher at Freedom House, served as managing editor of this year’s survey. Extensive research, editorial, and administrative assistance was provided by Denelle Burns, as well as by Sarah Cook, Tyler Roylance, Elizabeth Floyd, Joanna Perry, Joshua Siegel, Charles Liebling, and Aidan Gould. Overall guidance for the project was provided by Arch Puddington, director of research, and by Christopher Walker, director of studies. We are grateful for the insights provided by those who served on this year’s review team, including Freedom House staff members Arch Puddington, Christopher Walker, Karin Deutsch Karlekar, Sarah Cook, and Tyler Roylance. In addition, the ratings and narratives were reviewed by a number of Freedom House staff based in our overseas offices. This report also reflects the findings of the Freedom House study Freedom in the World 2009: The Annual Survey of Political Rights and Civil Liberties. Statistics on internet usage were taken from www.internetworldstats.com. This project was made possible by the contributions of the Asia Vision Foundation, F. M. Kirby, Free Voice, Freedom Forum, The Hurford Foundation, John S. and James L. Knight Foundation, Lilly Endowment Inc., The Lynde and Harry Bradley Foundation, the National Endowment for Democracy, The Nicholas B.
    [Show full text]
  • American Broadcasting Company from Wikipedia, the Free Encyclopedia Jump To: Navigation, Search for the Australian TV Network, See Australian Broadcasting Corporation
    Scholarship applications are invited for Wiki Conference India being held from 18- <="" 20 November, 2011 in Mumbai. Apply here. Last date for application is August 15, > 2011. American Broadcasting Company From Wikipedia, the free encyclopedia Jump to: navigation, search For the Australian TV network, see Australian Broadcasting Corporation. For the Philippine TV network, see Associated Broadcasting Company. For the former British ITV contractor, see Associated British Corporation. American Broadcasting Company (ABC) Radio Network Type Television Network "America's Branding Broadcasting Company" Country United States Availability National Slogan Start Here Owner Independent (divested from NBC, 1943–1953) United Paramount Theatres (1953– 1965) Independent (1965–1985) Capital Cities Communications (1985–1996) The Walt Disney Company (1997– present) Edward Noble Robert Iger Anne Sweeney Key people David Westin Paul Lee George Bodenheimer October 12, 1943 (Radio) Launch date April 19, 1948 (Television) Former NBC Blue names Network Picture 480i (16:9 SDTV) format 720p (HDTV) Official abc.go.com Website The American Broadcasting Company (ABC) is an American commercial broadcasting television network. Created in 1943 from the former NBC Blue radio network, ABC is owned by The Walt Disney Company and is part of Disney-ABC Television Group. Its first broadcast on television was in 1948. As one of the Big Three television networks, its programming has contributed to American popular culture. Corporate headquarters is in the Upper West Side of Manhattan in New York City,[1] while programming offices are in Burbank, California adjacent to the Walt Disney Studios and the corporate headquarters of The Walt Disney Company. The formal name of the operation is American Broadcasting Companies, Inc., and that name appears on copyright notices for its in-house network productions and on all official documents of the company, including paychecks and contracts.
    [Show full text]
  • Rpr-Fy2011-10
    ERIA Research Project Report 2011, No.10 MMOVING TTOWARD A NNEW DDEVELOPMENT MMODEL FOR EEAST AASIA-- TTHE RROLE OF DDOMESTIC PPOLICY AND RREGIONAL CCOOPERATION Edited by ZHANG YUNLING FUKUNARI KIMURA SOTHEA OUM ERIA Research Project Report 2011, No.10 MMOVING TTOWARD A NNEW DDEVELOPMENT MMODEL FOR EEAST AASIA-- TTHE RROLE OF DDOMESTIC PPOLICY AND RREGIONAL CCOOPERATION Edited by ZHANG YUNLING FUKUNARI KIMURA SOTHEA OUM December 2012 TABLE OF CONTENTS Table of Contents i List of Project Members iii Executive Summary and Policy Recommendation iv Chapter 1. Changing Global and Regional Economic Environment 1 and Challenges Facing East Asia Siow Yue Chia Chapter 2. New Challenges to the Export Oriented Growth Model 27 Song Hong Chapter 3. Asia’s Environmental Problems: Common Features and 55 Possible Solutions Stephen Howes and Paul Wyrwoll Chapter 4. Challenge of the Imbalance of Economic-social 121 Development in ASEAN Võ Hải Minh Chapter 5. China: Searching for New Development Model 159 Sun Xuegong Chapter 6. Economic Growth, Exports and Domestic Demand in 191 India: In Search of a New Paradigm of Development Saroj Kumar Mohanty Chapter 7. Indonesia: Building an Inclusive Development Model 223 Tulus T. H. Tambunan Chapter 8. Thailand: Realizing the Social-Economic Development 255 Balance Somchai Jitsuchon i Chapter 9. ASEAN Small Less Developed Economies: Need New 279 Approach Larry Strange Chapter 10. Moving Toward and Integrated Regional FTA System in 313 East Asia Chang Jae Lee Chapter 11. Role of the Regional Institution in East Asia 337 Zhang Yunling Chapter 12. Development and Restructuring of Regional 365 Production/Distribution Networks in East Asia Mitsuyo Ando Chapter 13.
    [Show full text]
  • ROLE of MULTINATIONAL CORPORATIONS (Mncs) in GLOBALISING INDIAN ECONOMY- a CASE STUDY of HINDUSTAN LEVER LIMITED (HLL)
    ROLE OF MULTINATIONAL CORPORATIONS (MNCs) IN GLOBALISING INDIAN ECONOMY- A CASE STUDY OF HINDUSTAN LEVER LIMITED (HLL) ABSTRACT THESIS ' submitted for the award of the degree of Bottor of $I)tlosiopI)p IN COMMERCE , By MOHAMMAD FAYAZ Under the Supervision of DR. MOHD. ASIF ALI KHAN DEPARTMENT OF COMMERCE ALIGARH MUSLIM UNIVERSITY ALIGARH (INDIA) 1999 -.:>5-ii?5:X, ^-^•^ « , '1 > I Acc. No ) ABSTRACT Growth of Multinational Corporations (MNCs) can be divided into four phases: first phase runs upto the First World War. During this phase most of the companies emerged from Europe. Second phase started after the world war second. Third phase started in 1970s and 80s. During this phase new MNCs emerged from Japan. Fourth phase covers recent developments pertaining to role of MNCs in globalization of national economy. It is a march towaards the goal of creating international new economic order. During this phase companies mainly came in the information technology sector. Now the world economies both developed and developing are buzzing with the activities of MNCs in a variety of ways, e.g., FDI inflows and outflows, M &A, Joint venture, services, etc. The investment flows have tremendously gone up. The international production has expanded. Till the end of 1998, there were 53000 MNCs and 448000 foreign affiliates, which are playing key role with their vast assets and competitive potentialities. The worldwide investment by multinational corporations of $236 billion in insurance, telecommunication, chemical, pharmaceuticals and banking speaks volume of globalization during the current decades. Asian countries are the new investment centres for foreign investment. These countries are providing numerous facilities to the foreign investor in the form of vast size of the market, cheap availability of skilled and unskilled labour, marketing incentives and great deal of opportunities for induction of technology.
    [Show full text]
  • Sowing the Seeds of Solidarity Economy
    Asian Experiences 1 SOWING THE SEEDS OF SOLIDARITY ECONOMY: ASIAN EXPERIENCES Benjamin R Quinones Jr 2 Sowing The Seeds of Solidarity Economy @ Benjamin R Quinones Jr (2012) Published by JJ RESOURCES for Centre for Social Entrepreneurship Binary University College Malaysia ISBN 978-983-40989-2-6 Designed by INGARA DESIGNS & CONNECTION Printed by SAMPOORNA No 1, Jalan TIB 1/19 Taman Industry Bolton 68100 Batu Caves Selangor Darul Ehsan Asian Experiences 3 TABLE OF CONTENTS Foreword Datuk Dr Denison Jayasooria 5 1. OBJECTIVES OF THE ASIAN FORUM 7 Goodwill March and Inaugural Session 2. WHAT IS SOLIDARITY ECONOMY ? 15 3 WHO DETERMINES RESOURCE 26 ALLOCATION IN SOLIDARITY ECONOMY? Ownership Structure and Price Determination Giving Impetus to Solidarity Economy through Social Currency 4. SOCIALLY RESPONSIBLE GOVERNANCE & 52 SERVANT LEADERSHIP Rethinking Global Governance Socially Responsible Governance: Illustrative Cases What is Servant Leadership? Servant Leadership in PracitceL Illustrative Cases 5 SOCIALLY RESPONSIBLE INVESTMENTS (SRIs) 82 SRIs – Who They Are, What They Do SRIs in Asia CSR: How it is Measured SRIs in Practice: Illustrative Cases 4 Sowing The Seeds of Solidarity Economy 6. SOCIALLY RESPONSIBLE FINANCING: THE CASE OF MICROFINANCE 114 What is Social Performance of Microfinance? Social Performance, Social Rating, & Impact Assessment Social Performance in Action: Illustrative Cases 7. SOCIALLY RESPONSIBLE ENTERPRISES (SREs) 147 The Fair Trade Model Key Principles of Fair Trade The Fair Trade Market Today Challenges to Fair Trade From Theory to Practice: Illustrative Cases 192 8. SOLIDARITY ECONOMY AND ARTS 9. SOWING THE SEEDS OF SOLIDARITY 199 ECONOMY IN THE PHILIPPINES 10. BEYOND THE CALL OF PROFIT by Jeanne Marie O.
    [Show full text]