The recent Jakarta summit of Asia and Africa brought remembrance of Jawaharlal Nerhru. At Bandung, Nehru had initiated the non alignment movement and proclaiming the resistance to the big powers for exploiting the underdeveloped countries for the economic benefits. This was treated as a Socialistic approach of Nehru and well praised by the world.

This Nehrus socialism should have reduced the poverty with help of the state run company and equal distribution of wealth.

Ironically, socialistic approach of Nehru never worked in the practical world, which has miserably failed across the world.

In the recent summit at Jakarta Dr. Manmohan Singh was elected as a president of the Afro- Asia community with 106 countries. Dr. Manmohan Singh an financial reformer of Indian economy, was insisting on the spreading the globalization on the Horizontal level across the world.

This will help most of the developing and underdeveloped countries, which will give an access to the best science and latest technology. This in turn will also develop the economic status, health care, education level of these countries.

This can be seen as the global acceptance of the Globalization for stability and giving the dignified life to these people in those countries. Today, economist are speaking about reducing the poverty with the help of open economy and creating more opportunities by globalization.

-Mr. Ravindra Nerpawar