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Research Article Open Access
Globalization has undoubtedly emerged as one of the leading characteristics of the contemporary world. On the one hand, it has ushered in a new and promising era marked by rapid movements of large volumes of money and the increased volume of trade and has led to a growing density of market relations resulting in faster growth and creating unprecedented new opportunities for sustainable development and poverty reduction. At the same time, it also implies increased risk, uncertainty and vulnerability because of the widely fluctuating flows of capital around the globe and unstable exchange rates.
In the context of the above, the paper proposes to examine the situation in Meghalaya, a state located in North East India and argues that globalization which entails greater interaction among cultures has generated a feeling of insecurity among the indigenous population, thereby consolidating the urge for preserving the indigenous culture from being invaded by the powerful waves of globalization. Globalization has undoubtedly led to increased transnational flows such as migration. The enhanced volume of migration has already unleashed the forces of ethnic backlash in most states of northeast India. In the context of the above, the paper will focus on the impact of greater global investment possibilities and migration of labor on local communities in Meghalaya in terms of the perceptions of regional political parties and local pressure groups. It will also examine the contradictions arising out of the desire to explore opportunities to capture the benefits of globalization on the one hand and the compulsion to protect local identities and heritage on the other. The paper has been divided into five sections. The first section focuses on the development constraints in northeast India and the difficulties in the land acquisition process. The second section highlights the global investment potential in Meghalaya and examines local resistance to the same. The next section discusses some initiatives taken by the Government of Meghalaya to attract investment. The fourth section examines local perspectives on uranium mining in Meghalaya. The fifth section comments on the impact of migration in northeast India as a whole and Meghalaya in particular. The fifth and the final section summarize the concluding observations of the paper in terms of the contradictions emanating from the parallel processes of globalization and local protest movements.
Globalization, Development paradigm, Special economic zones, Migration, Nativism and ethnic polarization, Economic Capital, Financial Economics, Hospitality Management, Industrial and Management Optimization, Innovation Policy and the Economy, Socio-Economic Planning Sciences, Economic indicator, Total Quality Management (TQM), Value based Management, Entrepreneurial Development, Management in Education, Classical Economics, Monetary Neutrality, Econometrics, New Economy, Welfare Economics, Development Economics, Economic Transparency, Globalisation, Game theory