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Asia Needs more Dialogue
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New wave of robots will be beneficial to all
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Asian Multinationals are Going Global, But to Where?
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2016
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2015
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Poorer Nations Could Sway Climate Talks
Combating Idleness and Deprivation
How China can be a model of food sustainability for the developing world
A meeting of the two largest economic powers
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Beware of superstitions
The Elephant and Dragon move ahead
G-7 target on fossil fuels raises many questions
Why Battle for Net Neutrality in the US Matters Globally
China’s resurgence – the ‘normal new’
Wanted: A managerial culture that embraces cultural differences
China's early education plan a smart investment in the future
The New Normal for China and India
2014
China's infrastructure push offers a sure track to better growth
US-China climate pact a good start, but not quite enough
Rethink the human’s place in the ‘digital revolution’
China springs a carbon surprise
Infrastructure - the invisible hand in full view
Dialogue vital for survival of Iraqi nation
China must nurture a new generation of beautiful minds
Great expectations in China and India
GM Cereals – The Pros and Corns
Time to be Honest about Our Energy Prospects
Weathering the Storm of Climate Change
Making a Big Decision? Beware of Your Biases
West Deserves Better Logistics Infrastructure
Digital Currencies do Represent the Future
From 'Printed' Houses to Wooden Skyscrapers
It’s time to bail out our schools, not our firms
Solution to India’s housing shortage – print new ones!
And the most promising green technologies of 2014 are ...
Transport infrastructure key to domestic, export growth
Oil stopgaps: Not worth risking
2013
Why the US should grant Edward Snowden amnesty
May we be more optimistic!
China headed for another massive social experiment?
A dialogue that worked
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NPOs, NGOs invaluable as creators of dialogue
Look closer and ask: Is America reinventing itself?
Boston bombings case underlines need for dialogue
Millennium Development Goals or own goals?
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Chinese strategists make right moves for growth
2012
Preparing for tomorrow
Austerity or growth?
Japan in danger of becoming 'just a place to fly over'
Beware of the business cycle?
An inconvenient truth
Limited offer sale: Buy a country
Where did our money go?
Leading from behind - a year of elections is almost over
Driving towards a green future
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Preserve or Perish
Startlingly similar Asia policy for Obama, Romney
Globalisation remains an irresistible trend
Google has the edge in smartphone war
U.S. Braces for China's Rise
Mankind’s General Scourge
The summer holidays are over and nothing has changed!
Put the hidden trillions to work
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Storm in a teacup!
Let’s give bad bankers a venue to admit their sins
News is about depth, not puff or velocity
Booming India, but too few toilets
Delayed Court decisions doesn't mean one may continue to play 'Great Game'
We need media to reflect on data and offer public a balanced view
Big polluters can lead in forging common purpose
The weighty issue of choosing a leader
EU-India Relations - Facing similar challenges
Educating with a goal
The Judicial Malaise
We are growing out, but not growing up
EU´s retrenchment enigma
Urbulence in the Eurozone and the effect on SMEs
Skolkovo May Help Russia to Diversify
Make things more effective
Tapping into the Commonwealth connection
Innovative models for public finance
Facebook revolution but Indian style
The feel-good factor
Asian investors - a private equity opportunity
India needs to be taller and stronger
China´s low sales volume...
Nations playing leapfrog
Shafts of sunlight
What webs we weave
As performers go to Davos, the circus steals the show
Can we control the politicians?
 
2011
Europe’s reminiscence
China firms should go for win-win in overseas ventures
Of procrastination...
Making sense of profiteering
Truth about financial mess must be laid bare
Small is also beautiful
China can help Europe with debt crisis
Excising the cancer of global corruption
Education, a critical asset
Arab uprisings set in motion forces of creative destruction
A new era of change
We must ensure better education for all
Beijing wary of bankrolling a lost cause
Asean's re-emergence as a local and global leader
Why India's Role in the Global Economy is Still Work in Progress
Its the leadership, stupid!
Reverse globalisation: The new buzzword
Facebook revolution but Indian style
By Frank-Jürgen Richter
Web Newswire, March 31, 2012
 

Global economy is in tatters and things are not looking better. Facebook revolution (aka Jasmine revolution or twitter revolution) has brought down anarchical governments worldwide. Whether its Tunisia, Egypt or Libya, the underlying reasons to the revolutions has been more or less economic.

Global economic slowdown, coupled with factors such as rising food prices, have caused massive unrest across the globe. According to FAO, the number of hungry people across the world is close to 1 billion. International Labour Organisation predicts over 203 million unemployed persons in 2011, up 26% from 2007.

Much many previous revolutions that were peasant led, revolutions in the past one year were led by a more cosmopolitan audience. Leaders and participants in the protests were educated people, who were actively using Social Media such as Facebook and twitter to share their opinion and rally others.

India also saw Facebook revolution with a widespread support of the younger generation. The nation is reeling under high inflation and rising food prices. The trigger point of the movement were allegations of organised scams in government, which allegedly had support of many politicians. The magnitude of scams was very high. For example, the estimate of 2G Spectrum Scam was over USD 39 billion.

India is world's largest democracy. The government is chosen by a nation of more than a billion people. Thankfully, India believed in democracy and the protest methods were democratic. The protests were inspired by Gandhian philosophy and there were no reports of violence by the protestors. Unlike other countries, there were also no major crackdowns by the government.

People rallied around few select civil society crusaders such as Anna Hazare (ex-foot soldier), Arvind Kejriwal (ex-bureaucrat) and Kiran Bedi (ex-senior police officer) who followed aggressive but completely peaceful methods. The figurehead of the movement was Anna Hazare, who sat on a hunger strike till citizens were listened. Bollywood actors, industrialists, small & medium enterprises, and others supported the movement. Bulk of the support came through social media.

Indians acted very responsibly and the government listened. Now, there is a growing support both inside and outside the government for making a new legislation for a stronger action against organised corruption. Indian government swiftly took action against the figureheads behind corruption and several powerful ministers are currently imprisoned.

The world was dreading the protests in India. The two economies that are still fairly strong in the current global economic environment are India and China. Instability in India would be catastrophic for the global economy.

India again showed the way to the world for Facebook revolution. Indians believed in democratic values and protested peacefully. The government, in turn, listened and acted upon the wishes of the people. The world soon will reel under global economic crisis. Governments across the world need to be geared up and be ready for facing criticism. Unlike previous economic slowdowns, this time the common man will have trouble in putting bread on the table.

Almost every country across the world was coming up with deficit budgets. They are dependent largely upon financing a large portion of their financial requirements through artificial means. In the current scenario, there are very few options to fund these deficits. None of the countries with the recent revolution have been able to instantly give better lives to people. In this economic scenario, there's a very little to gain by a violent revolution.

It will be in interest of both government and people if the next Facebook revolution is Indian style.

 

Frank-Jürgen Richter is founder and chairman of Horasis, an independent international organisation committed to enacting visions for a sustainable future. Horasis hosts the annual Global India Business Meeting.


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