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Global class @ Christ University

Global class @ Christ University
Global class was organized in collaboration with Durham University, Canada, Christ University (India), University of Budapest (Hungary) and a scholar from Japan. The central theme of discussion was global economics. Opening the discussion, Dr. Thomas, director of international relations, University of Budapest says at the state level there are three main factor influencing decision making in global economics.
1.      US as key global player but recognized current skeptical position of the latter.
2.      Global importers favoring China.
3.      Restructuring programs for states.
He brought in four theoretical concepts which helps in understanding the current economic dynamics across the world.
1.      Liberalization vs. Protectionism.
2.      Technological development driven market.
3.      Internationalization of education.
4.      Change in the meaning of geographic distance.
To the end of his introductory talk, he opined that future of the global economics is seen and practiced by countries across the world in various ways. One of which was to adopt wait and see approach regarding the economic super powers.  Other were, countries taking up large scale initiatives and the trade wars between the states as the future attributes of global economy.
Giving this conceptualization, discussion was opened and the main aspects covered were
1.      Forced liberalization as a process which might be necessary in strengthening the European Union. Examples such as Estonia were used to substantiate the positive use of forced liberalization in developing the economic growth of a nation. At the same time, other examples such as Bosnia was taken to show its negative side. Nevertheless, forced liberalization was agreed as a positive procedure to strengthen the European Union.
2.      Technology and internationalization of education has also provided wider space for students across the world to physically interact with many cultures and which would help in the making of global citizen.
3.      Artificial intelligence and technology is opined to boost the economic and industrial growth across the world.
Having discussing all these paradigms, another major issue which was put forth by Christ University was the expansionist policy of China. Dr. Thomas opined that EU sees China as someone to whom they can depend to diversify their economic dependence as their 85% of investments comes from only United States.
Even though other universities present in the class opined that China is only worried about business but was not eying on the political gains, Christ University voiced its concern about Chinese economic exploitation quoting the exploitative way of investments in Gwadar port and taking away 91% of the revenue back to China leaving just 9% to Pakistan.

But, though the issue of neglecting socio-economic conditions, political stability while propagating liberalism was put forward by Christ University, discussion was not carried forward or they were given a little focus. Even in the issue of China, the focus was on only economics sidelining the socio-economic and socio-cultural outcomes of the liberalization. 
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