Globalisation and technical advancement are causing job losses and making employment precarious, a professor of a leading Dutch university observed.
“Globalisation and technical progress leading to job losses and precarious employment. The rules of globalisation and capitalism only serve elites who are owners of internationally mobile skills and wealth,” said Syed Mansoob Murshed, professor of Economics of Peace and Conflict at Erasmus University.
He made the remark at a discussion titled ‘Illiberal Democracy and Inequality in the Context of Globalization’ at the University of Liberal Arts yesterday (Monday).
Professor Murshed examined the development of two distinct but interconnected phenomena encompassing both the developing and developed world. The first is to do with the rise in inequality worldwide in both personal incomes and wealth as well as the functional distribution of income between capital and labour.
The second development is the rise of illiberal politics globally.
Syed Mansoob Murshed, also a professor of Economics at Coventry University in the UK, said a liberal society is one where there is respect for minority rights, constraints on the executive, with an independent judiciary, and there is respect for the rule of law. In a democracy, there is an electoral process in place. A purely electoral process may elect populist dictators or parties with scant respect for liberalism.
Vice-chancellor of ULAB Professor Imran Rahman, Pro-VC Samsad Mortuza, department heads, faculty members and students attended the talks.