24/09/2007

With due apologies to economist Schumacher and Buddhist economics, and well recognizing the concepts of ‘small is beautiful’ in economic parlance; the role of ‘big’ in economic parlance needs appropriate appreciation.

In the battle lines of modern times of the business world, where proverbial reality of ‘big fish eats small fish’; one has to grow bigger or tend to become irrelevant in socio-economic and political landscape.

To stand up and be counted, one has to grow in economic stature while even democratic governance is more influenced by economics mean rather than other human capabilities; no wonders that now it is the big money – business, which rule the roost. Fights against the economic status quo have been ‘on’ significantly since French Revolution; humanity witnessed two World Wars, rise and fall of communism and now the World face gravest challenges at the hands of so-called ‘terrorism’ while the fact remains that it is human tendency towards hegemony which keeps us human fighting amongst ourselves in order to get control over others by economic means. We know through narrations in a famous oil fiction ‘Seven Sisters’ as to how the biggest seven oil companies have been exercising leverage in making and breaking governments in natural resource-rich third world countries. In not too distant a past, price of one barrel of oil was $ 1.70 when Qaddafi took over government in Libya putting the king-makers in defensive position. The oil embargo of 1973 helped then Shah of Iran increase his oil revenue manifold, OPEC’s Taif Report of 1980 created serious challenges for developed countries but decade long Iraq-Iran war proved instrumental in depleting economic strength of Arab Oil producing countries and demise of USSR created conditions wherein we find current problems of the world – terrorism and its aftermath.

Be it as it is, the change of status quo remains, and will remain unachievable objective and, instead, efforts need to be redirected in economically growing small to big and big to bigger, so as to ameliorate living conditions of majority human population, or at least a major chunk of that. How? One option is that of right-sizing through appropriate resource management at individual and corporate level where growth is possible by exercising practical but tough options. Growth of any business anywhere in the world means more work opportunities.

Conventionally, business means other peoples’ money; businesses and even countries are run on borrowed money but because only money begets money, not every business project can raise necessary capital while international money market is in a glut and IFIs, banks, venture capitalists etc are always on a look out to find eligible borrowers.

Here are options in finding an appropriate solution of your financial problems.

--water, water everwhere not a drop to drink??