Globalisation and the National Market
General Economics and Teaching from EconWPA
Globalisation is likely adversely impact the traditional classes. It also threatens to destroy national market, from which stems the bargaining power of the traditional classes.In spite of this, the paper suggests that the response to globalisation in India has necessarily to be discordant. It argues that the state will be unable to oppose globalisation due to the strategic need for economic growth, new technology, military knowhow, and ultimately the survival of India as a nation. Hence the society must protect itself from globalisation, independently of the positions of the Indian state. The paper argues that class actions will primarily protect the special interests of different classes, but may fail to protect the national market. Yet, since the national market is the basis of the independence of the national classes, it needs to be protected at all costs. For this, a socio-cultural mobilisation to protect the national market is required. The struggle to conserve cultural barriers to the national market is a common struggle of all national classes. However, this struggle can be informed by a knowledge of the labour content of different items sold to the consumers. Protection of the national market from globalisation is urgent, and its loss may put the Indian people at the mercy of forces beyond their national borders and political control.
Keywords: Globalisation; National Market; Capital; Labour; Culture; Labour Theory of Value; Karl Marx (search for similar items in EconPapers)
JEL-codes: A F3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa
Note: Type of Document - pdf; pages: 5
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpgt:0504001
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