Anonymous

What Does Grooming Leaders For Global Economy Means?

1

1 Answers

Neha Agrawal Profile
Neha Agrawal answered
The economy means a productive system, like a person, family, a city, a state or a country. But here the question concerns the global economy, which refers to the entire productive system of the whole world. The term 'grooming' in the sense imposed in the question refers to people who have not yet taken the reins of a particular job, but are earmarked to do so in near future; in essence, they are being trained. So, if we combine both the word 'grooming' and 'leaders of global economy', then we can deduce that the combined term refers to people who are training to lead the world economy in the near future. Some further insight is given in broken down form below;

  • The global economy consists of many things. If you delve into the minute detail, you will find that every person and institution contributes something or other to the global economy, but here we are concerned with the leaders only.

  • In the current economic situation, developing countries such as India, China, Brazil, Russia and many others are going to determine the fate of world economy in future. Thus, political leaders of these countries are going to greatly influence the future global economy; so, it can safely be said that future leaders of the global economy are 'in-the-making' in these countries.

  • The world economy is growing only because of widespread industrialization. Without rapid industrialization, no growth in global economy is possible. So, the giant companies are going to lead the global economy in the future. Not only the big companies; also the millions of mid-sized companies which can inflate to major conglomerates in the future. So, it can also be said that these companies are potentially grooming leaders of global economy.

Answer Question

Anonymous