Tuesday, August 07, 2007

Globalisation is changing our values

Maldives is a nation of 100 percent Muslims, a nation living by the ideals of Islam and following the virtues of a liberal democracy for political governance.

We are part of the global community of nations, connected by our faith, culture, ideology and most importantly affected by the fast changing technology.

Filial piety- the love and respect for parents is a strong tradition in most of the eastern religions. This virtue is eroding as the relentless competition in the capitalist world marches on.

In a talk that Singapore's founding father and first prime minister Lee Kuan Yew (presently minister mentor) delivered, he reaffirmed the outstanding ability of Singapore's current political leaders and lamented on some aspects of how Singapore had changed - 'burning up' money with fireworks for a few moments of joy instead of building community centres, for example, or young couples putting their aged parents in institutions because they had their own lives to lead.'

We are faced with a similar problem of looking after aging parents in Maldives. There is talk of building old-folks home for our seniors, as many younger families are finding it difficult to look after their old and sick parents.

As global capitalism spreads after the cold war ideological rivalries collapsed, nation states are beginning to live by the values of a free market economy- a prominent feature of globalisation.

There are those who argue that globalisation is eroding the welfare state. Conservative politicians are raising the alarm saying: money has become mobile across the globe; capital gravitates to where tax rates and wage costs are lowest and levels of regulation less burdensome.

The terrible greed revealed in the United States by the corporate scandals of Enron and WorldCom has eroded public confidence in business and business leadership. Following the two biggest bankruptcies in US history and huge losses to employees and customers, a cry for a 'values based' leadership is heard across the business world.

In the United States, there is growing unease among the general public and elected officials that in the process of globalisation, American jobs are outsourced to cheaper destinations.

Thus, the anti-globalisation movement is calling for protective measures for the good of communities rather than seeking to increase more profits for the shareholders.

Businesses operate in communities that are deeply divided by inequalities in wealth, health, knowledge, influence and life chances. Globalisation more than anything has brought the business world head to head with poverty.

Globalisation and capitalism has all the potential to solve critical social problems facing the world - if business leaders and managers have the resolve to take their social responsibility seriously, in addition to making profits for their business.

Business has the capability of bringing creative and sustainable solutions to many of the ills facing the world such as ill health, illiteracy and unemployment, and to reinforce freedoms and choice, if it engages in the challenges which will contribute to its long-term sustainability and profitability.

4 comments:

Anonymous said...

good issues i like heer more abt this issues so i can learn my politics lessons from u sir. good good work is been done by persons like urselves i must say indeed. my felicitations. and please visit my site.

Anonymous said...

hello sir,
by any chance are you the Hilmy from this article on Haveeru? if so / or even if not could you give an insight from your rich knowledge base on this issue?

--long time reader first time commenter
--M8

mhilmyh said...

Dear anonymous reader

Yes, the issue in the parliament does refer to me.

After change of management at MNSL, Abdul Nasir who worked under me was implicated for misuse of MNSL funds.

First the case was investigated by Audit Ofiice at Singapore and was handed over to Anti- Corruption Board. They have cleared Abdul Nasir after two years of investigation.

But the case in the parliament gave only the orginal allegations, conveniently failing to explain of the Anti- Corruptions investigations.

The manner and timing of this issue raised in parliament and some of the comments directed at the former AG makes it appear that there is an unexplained reason why this was raised in such a one-sided manner.

Abdul Nasir has spoken to parliament office and has been directed to write to them informing that he is ready to present himself to reveal the truth in this case.

I feel badly for my colleague for what he has to go through.

Thanks for asking.
Mohamed Hilmy

Anonymous said...

Hi Hilmy,

What is globalisation? What definition is being referred here? I feel that there is a misconception of the term globalization here. A good way to understand globalisation is to explore the globalisation thesis in greater detail; if you ask me, it’s a puzzle. I heard at times, politicians blaming all ills to globalisation, that people will find it extremely difficult to question back; thus as a weapon to defeat the questions thrown at them.

The truth of the matter in question here is that we citizens are often impacted by the policies that come into effect, that affect us; be it national or international.

Abdulla Yasir