A fresh wave of globalisation since the early 1990s has created both hope and despair. Failure of state has reaffirmed faith in market based institutions. Expansion in trade across national borders and opening the national markets to the world is recommended for speedy and sure economic growth....

Most mainstream intellectuals, particularly economists, have almost dismissed Gandhiji.. Economists are important here because they influence the socio-political thinking the most. In traditional societies, economic system was subservient to the social system. In the modern societies the reverse...