Presentation Details

The Second International Conference on New Directions in the Humanities


Jog Sharadchandra, Nikhil S Gurjar.

We begin with the contemporary consensus on globalization & the disparate groups backing it. This
leads us to their expectations & its many interpretations. We then consider the most popular one concerning trade. Although mainstream economists appear to agree on its benefits we point out that it runs counter to Gandhi's idea of a community (the self reliant
village). Public discontent against it lends some room for questions. We turn therefore to the underlying assumptions & the very concept of efficiency of the market mechanism. After a look at the outcome we suggest that trade is neither free nor fair & that it could promote inefficiency & a peculiar kind of prosperity & unification. The backing it receives is thus traced to vested & narrow (special) interests. We find that Gandhi's approach is better related to this reality -and the position of the ecologists etc.-than the theoreticians'. It calls for a search for losers & distinguishing between different kinds of liberalizations so as to adopt that suited to specifics.

This leads to a need for placing the burden of proof on the trader & mechanisms for internalizing costs. Broader implications of this approach are indicated for business strategy, the family etc.


Jog Sharadchandra  (India)
Assistant Professor
Mechanical Engineering Dept
Indian Institute of Technology Bombay

Nikhil S Gurjar  (Germany)

ThyssenKrupp Electrical Steel GmbH

  • Efficiency
  • Global
  • Market
  • Trade
Person as Subject
  • Gandhi Mahatma

(30 min. Conference Paper, English)