Do you feel there has been an attitudinal change about globalisation all around the world?
I think there has been a shift in the view from the 1990s to this century, more outside India than within India. There is a recognition that those kinds of near liberal economic policies laid out in what’s called the ‘Washington Consensus’, which placed emphasis on trade liberalisation and integration of economies into the global economy as the means to growth, have not worked. It has been recognised — as a result of the work of economists like Danny Rodrick at Harvard — that integration into the global economy and trade liberalisation are not the automatic keys to growth. There has been recognition that countries that have been successful in the context of globalisation are countries that have engaged in globalisation on their own terms. China has done this on its own terms to a large extent, and India too has done it to some extent. The trickle down may be happening but is very slow. The disparities are opening up in our societies. The arguments put forward by the protagonists of g
