Over the past ten years, the world has been going through globalisation and have been benefitted or hurt by globalisation in varying degrees, prompting varying fervours and levels of nationalism across the same countries. Narayana Murthy of Infosys in his book, A better India, a better world also lauds of the benefits of globalisation.
Last year from the Indian Institutes of Technology, the Institutes with the world's toughest entrance examinations, less than 5% of students have gone to US for higher studies. This could be seen as a wave of nationalist sentiments sweeping across the developing nations of the world.
|Courtesy - tutor2u.net|
There are number of questions to be asked as regards the effectiveness of the US immigration policy in ensuring foolhardy US leadership of the world. The same immigration policy got tested in the recent 2016 US Presidential elections, which was a vote against globalisation and openness and instead supported an inward looking, conservative, traditional, old-fashioned approach.
|Courtesy - Washington Examiner|
If the present PM Modi came to power in India on nationalistic and anti-incumbency issues, inspite of great economic growth from being #10 globally in 2004 to #3 in 2014 under leadership of former PM and noted Economist Dr Manmohan Singh, and is intent on pulling India back, Trump is US' Modi that can pull US fifty years back ! Ironically, both US and India, great democracies of the world, share the same fate !!
Benefits of globalisation and an innovation culture to the rest of society cannot be ruled out ..
Once you have an innovation culture, even those who are not scientists or engineers - poets, actors, journalists - they, as communities, embrace the meaning of what it is to be scientifically literate. They embrace the concept of an innovation culture. They vote in ways that promote it. They don't fight science and they don't fight technology - Neil deGrasse Tyson
The momentous changes US and India are going through in these troubled times is great learning for the rest of the world in understanding how excessive nationalistic sentiments over globalistic sentiments can be detrimental to everybody.