There is no other choice even for the biggest corporates in world to survive and succeed!
By NV Paulose
Zero Economics is like Rainwater Harvesting. There is nothing new and extra investment in the process. Each component in zero economics is an otherwise lost element. Time, space, talent, natural sources, resources etc. are combined to strengthen the ground level economics. Just like rainwater harvesting help recharging of the ground water level.
Massive economic progress can be achieved when zero economics is implemented in campuses and campus based village Upliftment initiatives. This will go in line with the New Education Policy and also will help the corporates to revive their market conditions.
Even many campuses are suffering from the economic setback faced by the people at large. Many educational institutions are not got even Fifty percent of the fee collection in the last academic year. This is an unusual alarming situation. The whole economy is affected. There is a big hole in everyone’s pocket. We need to re stitch the entire fabric of the economy.
Globalization is vanished just like that. It is gone far in reverse gear. Every attempt in the line of practice is going to make the crisis more intense. No shortcuts will take us long into the highways. We need to make corrections at the foundation itself. Grabbing wealth in every possible way is no more a way forward. Smile cannot be created out of a cry somewhere else.
People are the foundation of economics. Strengthening economy of the people is the way to strengthen the economy at large. It is Just like groundwater level improved by rainwater harvesting. Create avenues and activities to generate revenue for the people. Link it with a chain of events that make it an economic circle. Make sure that the circle is complete with activities one after the other. When the circle is complete, it can cycle automatically and regularly.
Sometimes there can be many economic cycles created with a campus initiative. For example, Students in a college are assigned with a village to identify and implement economic strategies to strengthen the village economy. Village is divided Batch wise and many youth teams are engaged in brainstorming initiatives.
Each successful idea from any team is implemented everywhere through every teams. Economy of the village will get transformed within a short span of time. Think about linking these ideas with the life of people in the cities. Think about making it participatory. Make tourism element added in the programs. It is very easy to replace international tourism with internal tourism. Less travel and more stay will be the outcome. So many things can be added and connected when people are open and frank.
Today’s international economic principles are outdated. Scarcity economics is dead. Everything is in abundance in the world. Supply and demand theories are artificial. We need to re look into the entire book of economics. When needed to put everything outdated into fire. There is no economics greater than the fire in the belly.
Good thought process! Good concept.