Information Technology and Business Alignment: Why it is Important
Introduction: What is IT Business Alignment and Why it is Important The saying about the Blind Men and the Elephant in which three blind men touch the Elephant and state different things without knowing that it is an Elephant, firms and organizations must ensure that their IT and business strategies are complementary and supplementary to […]
The Problem with Postal Banking
Veteran American Senator Bernie Sanders, as well as Alexandria Ocasio-Cortez, who has now become the voice of the Democrats, are of the opinion that the United States Postal Services (USPS) should be allowed to perform the functions of a bank. According to them, this solves two important problems. Firstly, there is the problem of financial […]
The Rise of Resale in the Retail Sector
The retail sector has generally been engaged with buying and selling of new goods. This has been the case across the world, both in the developed nations as well as in developing nations. However, in recent times, big box retailers have started dealing in second hand goods (often referred to as pre-loved goods). This trend […]
Role of Communication in Effective Public Speaking
Communication plays an essential role in public speaking. There is a difference between speaking to someone in private and connecting to a large audience. Believe me; you fail as a speaker even if one individual in the audience goes back with the slightest doubt in his/her mind. Your job as a speaker is incomplete unless […]
Convertible Notes and Startup Funding
Startup firms usually receive their funding in the form of debt or equity. Some newer ways of providing funding to the startups, which are different from both debt and equity, are still being explored. However, there are many creative ways of funding startups within the debt-equity realm as well. One of these ways is called […]
In recent years, global corporations have realized that their activities across the developing countries are running into trouble because of fierce resistance from those indigenous peoples whose lands are being acquired by these global corporations as well as protests from civil society activists and environmentalists regarding concerns over the ecological impact of their operations.
Indeed, the resistance to the activities of the global corporations has been so high that in some cases, they have been forced to withdraw from the countries as was evident in the case of the global aluminum maker, Vedanta, and the global steel maker, POSCO in India. In these cases, these corporations had to desist from their expansion as the locals along with activists protested vociferously against forcible land acquisition and the environmental impact of the operations of these global corporations. The situation could not be salvaged and helped even after active intervention by the government as the courts ruled in favor of the indigenous peoples and their rights over their land that was being acquired by the global corporations. These are some examples of such action that has been repeated elsewhere in the world.
A possible solution to this imbroglio can be the global corporations making the indigenous people stakeholders in their activities by giving them a share in the global corporations. Further, the government can pass minority land holding laws that would ensure that the indigenous people are rehabilitated and made partners to the development of the country instead of being the victims of development.
The point here is that by making the indigenous people stakeholders and partners in development instead of condemning them to be victims of development, inclusive and all round development can be actualized. This is the key point that emerges from the recent moves by the Indian government to foster inclusive development by passing legislation that would take the consent of the indigenous people mandatory before acquiring their lands.
The spirit of the law is such that the percentage of the indigenous people whose lands are being acquired and who have to agree to the acquisition has been raised so that the majority of the indigenous people acquiesce with the process. Further, minority rights over the developmental process would ensure that their interests are being taken care of by the government and the global corporations.
The other solution to the vexed problem of resistance can be found in the global corporations ensuring that the indigenous peoples are taken care of through inclusive approaches to development. These can take the form of the global corporations providing employment in their factories to the indigenous peoples, helping them sustain their communities and families through funding the education of their children and helping family members with their jobs.
Further, the global corporations can also build schools and hospitals as well as community recreational and community beneficial centers and facilities. All these steps would have the desired impact of engaging and including the indigenous people in the activities of the global corporations instead of making them hostile towards the global corporations and their activities.
Finally, the global corporations can adopt green manufacturing and Processual methods that would minimize the impact of their operations on the sensitive ecology of the communities abutting their facilities, which is one of the key sticking points and points of contention as far as the global corporations and their activities, are concerned.
In short, the key objective here must be the term inclusive as opposed to exclusive where the former means that everyone prospers in development whereas the latter is towards enriching a few at the expense of the majority.
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