globalisation

Bhushan Kumar with his Ferrari. (Photo: Cartoq)Ferrari started business in 1939. Despite its limited numbers & high prices, celebrities & industry experts in Bollywood have not hesitated to splurge on it.When one thinks of fashionable luxury cars, one automatically thinks of a Ferrari.The Italian luxury car brand is notable in pop culture for its blazing red sleek cars that ooze sophistication and wealth. For decades now, the rich and powerful have been purchasing Ferraris as a status symbol.Auto enthusiasts love…

They are the chips that power everything from mobile phones to electric cars—and they make up 15% of Taiwan’s GDP. Taiwan produces over 60% of the…

Globalisation is the process of integrating a country’s economy with the global economy by removing restrictions on trade and capital flows. Simply put, globalisation is the process of interaction and union of individuals, organisations, and governments on a worldwide scale. It entails the formation of networks and initiatives aimed at breaking down social, economic, and geographical barriers. Globalisation aims to create interactions between events such that those happening far away can influence those happening in…

Edward Wilson-Lee ends this exhilarating book wondering how it is that, as the world becomes global, the people in it have become insular. Indeed, he suggests, the further we travel, the more anxious and even aggressive we become when encountering those who look and act differently from ourselves. To feel safe, we scuttle back to assumptions and attitudes that are familiar, parochial and, in the long run, stifling. He likens it to “sitting in next-door rooms, pretending that we are in a world of our own”.His passionate…