Management Education for this Knowledge Century

Publication Year: 2009

Author(s): Rajendra K Pachauri

Abstract:

As we move towards the end of the first decade of this century we need to reflect on the direction that humanity is likely to take in coming decades. Three major realities are likely to have a major impacton development and growth in the 21st century.First,there isgrowingscientificevidence and rapidly expanding awareness on the externalities associated with the past pattern of development pursued initially by industrialized countries and emulated more recently by those in the developing world. In particular, these externalities have affected the global environment leading to the growing problem of climate change, but there have also been maj,orimpacts at the local level which have affected the quality and physical availability, for instance, of water in rivers, lakes and other water bodies across the globe as well as air quality essentially in towns and cities, which has deteriorated seriously in some cases. This latter set oflocal environmental impacts, however, can be corrected with relative ease and some expenditure and involvement by local communities and national governments. The problem of climate change, however, requires global action essentially involving the developed countries, who are responsible historically for having primarily caused this problem.

Source: Indian Institute of Management, Lucknow. GRAVITA: 2-5p.

Publisher/Organisation: Indian Institute of Management, Lucknow