TAMIL NADU

`Globalisation led to loan culture'

DINDIGUL, AUG.1. Sociologists should play a key role in dealing with various issues arising out of liberalisation, privatisation and globalisation, as influence of market economy and acute competition destroyed local markets in agriculture and industries and affected the life of the people in the developing countries, said M.P. Gurusamy, Adviser to the Adithanar Educational Trust.

Delivering a keynote address at a seminar on challenges of globalisation in Indian society, held in the Gandhigram Rural Institute at Gandhigram recently, he said the implications of the globalisation were that the people had to consume either out of their own present income or their future income.

This led the to development of a `loan culture,' which was peculiar to the life pattern of the people in the context of globalisation.

Privatisation of all essential services like education and health, emergence of material culture, accumulation of wealth by upper class people, closure of labour intensive industries, development of inequalities, erosion of human values, disappearance of traditional occupation, exodus of intellectual labour from rural to urban areas and from East to West, failure of creating appropriate technology, dominance of multi-national companies and impact of western culture on the fabric of Indian social system were some of the vital challenges and threats of globalisation.

The need of hour was to adopt a relevant human values such as simplicity, reduction of wants, global thinking and local living and a balanced-blend of materialism and spiritualism which would pave the way for peace and development of meaningful modern world, the educator said.

The Head of the Department of Sociology, Gandhigram Rural Institute, S. Gurusamy, said that in the absence of social safety net and structural adjustment, the socio-economic institutions in the Indian context had been affected severely.

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