Possibility of Second Globalization from South through Entrepreneurial Approach

Abstract

The division of the world in terms of Global North and Global South is generally considered as a socio-economic and political divide. By and large, Global North includes the United States, Canada, developed parts of Europe, and East Asia. On the other hand, Global South is made up of Africa, Latin America, and developing Asia including the Middle East. So, the North may be defined as richer and more developed region while South is the poorer, and less developed region of the world. As such, the Global economy is controlling by the North through their resources like – Capital and Technology. Thus, the benefits of on-going globalization is also enjoying by themselves. But time has come for South to realise their competitive advantage factors like Raw Materials, and Human resources. In this context, today’s burning question is – “Is an Alternative Globalization Possible from the South?” Answer to this million dollar question may be hidden to the role of present and potential entrepreneurs of South. Against this backdrop, the present paper being a conceptual paper in nature is an attempt to unfold the possible role of entrepreneurs for second globalization from the South and in the process of discussion; it will also highlight the challenges and opportunities for the entrepreneurs in the milieu of an alternate globalization from the Global South