Globalization: The Case for Diversity and Inclusion in a post-industrial, neo-liberal business paradigm with focus on the caste system and its implications for the Indian labour market
Abigail Samyuktha Rabindran 
|Abstract:Post-industrial study of globalization has been subject to a multi-disciplinary approach and several perspectives. There is, however, limited literature on the role played by globalization on diversity and inclusion. And thus, diversity and inclusion emerges as the key theme this note seeks to explore. At a time when the name ‘George Floyd’ has sparked a movement and farther away in India, a crime is committed against a ‘lower-caste’ Indian every 15 minutes, the need for diversity and inclusion and its importance in discourse is boldly underscored.The note begins by understanding the theoretical underpinnings of the conception of globalization and moves on to identifying the role of diversity and inclusion in theory. It then shifts its focus to the economistic perspective of globalization. The economistic perspective provides key insights on the Marxian notion of the antagonism between labour and capital highlighting the repercussions this ‘antagonism’ has on labour market standards and deepening inequalities. This note indicates, that these consequences do not have to make the case. It finally uses statistics from India (with particular emphasis on caste-based data) in comparison with statistics from the West to provide an analytical account of modern-day business paradigm. Hardly a discursive analysis when one views it in light of business efforts to incorporate diversity and inclusion in governance and operations.The note moves from a theoretical understanding of globalization to concrete conclusions that address the growing need for diversity and inclusion at all levels of corporate governance. This ensures that globalization creates a sustainable growth model for all countries. This is especially imperative at a time when, as this note argues, nation-states have an increasingly diminishing role to play in global trade and division of labour.
Keywords: Globalization; diversity; inclusion; multi-disciplinary; theory; business paradigm; India; caste; corporate governance;
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