Issue: May 2017
 
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Cover Story 
Norms for good governance have been laid in various traditional Indian texts: be it the Vedic texts or Kautilya’s Arthashastra. Our ancient texts have a...
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Lead Article

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Articles
  The Swachh Bharat Mission: Everyone's Business by Parameswaran Iyer
  The second lead article , which is also the special article in the issue, is by Secretary, Ministry of Drinking Water and Sanitation, Government of India
  Transforming Lives through Livelihoods by Amarjeet Sinha
  The third article is by Secretary, Department of Rural Development, Government of India.
  Towards a Clean and Transparent Economy by M.V. Bhanumathi & Rohit Deo Jha
  The focus article of the issue is on the anti-corruption measures taken by the government of India.
Economic Paradigms and Democracy in the Age of Financial Globalization
Srinivas Raghavendra

Whether or not there exists a standard definition of the term Globalization, there is a broad agreement with the fact that the process of Globalization has had and continues to have profound impact on various aspects of human life. Globalization is not a new phenomenon for it has been a long-term gradual process of change, which affects every aspect of human life and being affected by the human enterprise, since the days of Columbus, and yet at the same time it is irregularly punctuated by episodes of dramatic change. Ever since the Columbian voyage initiated the process of intermingling of the continents of Europe and the Americas, Globalization has been influencing and reshaping every part of the world in all aspects of human life – social, cultural, economic, political, biological and ecological aspects. In the recent past, there were two intense periods where the process of globalization induced dramatic changes across the world. The first wave happened in the late nineteenth century up to the First World War, which was characterized by extensive trade networks across various continents under European Colonialism. The second wave happened in the twentieth century, starting from the 1980s to the present day, characterized as free market Capitalism led by the phenomenal development of the financial markets, and called as the financialization phase of Globalization or simply Financial Globalization.

 
 
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Do you know? : What is Forensic Auditing
Forensic auditing refers to the auditing with the main aim to employ accounting techniques and methods to gather evidence to investigate the crimes on financial front such as theft, fraud etc.
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