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Transformation into 21st CenturyRe-engineering India for 21st centuryHuman History has been through three waves, or wealth systems.For more on the three waves see Alvin Toffler. Before the Industrial Revolution, India and China accounted for over 70% of the global GDP. With the coming of the Industrial Revolution they declined and Europe and later America became the global leaders. However with the changes taking place in the 21st Century, and the changed demographics, the swing is back to Asia. Change from one wealth system to another is a disruptive process. That is why most developing countries, which were rooted in the First Wave, have, despite big efforts by the World Bank, Aid, etc. not been successful in transitioning from an agricultural economy to an industrial one. A similar problem exists when you move from an industrial economy to a post industrial or knowledge economy. The systems are totally different and the Waves, so to say collide. Perhaps that is the reason why even the developed, industrial countries are finding it difficult to move from an industrial to a knowledge economy. The only saving grace, says Toffler, is that the change from a First Wave to a Third Wave economy, is easier than from an Industrial to a Knowledge economy. I wonder whether the current, post Oct 2008, economic meltdown is not a visible effect of these changes. Watch this video clip,Paradigm Shift and Change for a graphic Did you know The billion plus people in India live at different stages of "development", or waves, viz.
To see more video clips and articles on Revolutionary Wealth, and thoughts of how India can leap frog the First and Second Waves and go straight to the Third Wave, and beat the rest, click Changing India. Why Change does not work Why Change Doesn't Work: Why Initiatives Go Wrong and How to Try Again-And? Succeed by Harvey Robbins and Michael Finley. This is an analysis, at a micro-level, of a business or a firm, and is a good read for understanding the problems and issues for changing. If things are so complex for a firm, just imagine the impact if this change is being done in thousands of firms, businesses, institutions etc. from an industrial economy to and knowledge one ! Additionally, as in the case of India, simultaneous change from an agricultural economy to an industrial as well as a knowledge economy. "This is the first treatise on change we've seen that is actually entertaining. The authors cover human and organizational barriers to change and change theories, and then take a tour of management theory that's guaranteed to upset every reader at one point or another." — HR ONLINE.
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