Professional Documents
Culture Documents
Globalization in its current phase has been described as an unprecedented compression of time and space reflected in the tremendous intensification of social, political, economic, and cultural interconnections and interdependencies on a global scale.
Stegler, p. ix
One way to approach this: think about the world before globalization
Distance matteredspace often measured in time Territorial boundaries more or less kept things in and out Society and culture had spatial referents Everything had its place (literally)
Rising importance of private capital flows (stock markets and multinational corporations)
Increasing travel and migration (international tourism and domestic diversity) Increased communication and interaction between peoples (through all sorts of media)
Bosworth and Gordon also point to some of the key public controversies over globalization: What are they?
Can globalization be harnessed so that all citizens and countries benefit and not just the lucky few?
Amartya Sen: How to Judge Globalization (Normatively) 1. 1. Is globalization Westernization? Is it a threat to non-western societies?
2. What is the right question to ask about globalization and the poor?
3. What are the legitimate questions that antiglobalization protestors ask?
Our global civilization is a world heritage... The idea of an immaculate Western conception is an imaginative fantasy. Globalization has much to offer, but even as we defend it, we must also, without any contradiction, see the legitimacy of many questions that the antiglobalization protestors ask. The world powers bear an awesome responsibility for helping in the subversion of democracy in Africa and ofr all the far-reaching negative consequences of that subversion.
Over the past decade globalization has been driven by technological advances..But globalization has also been driven by policies and ideas
Bosworth & Gordon
Performance of acquisitions
We used an event study methodology
The CAR was calculated using the following formula CARi = ARit
t = -7 t = +7
Summary
Acquisitions a prominent part of OFDI from India Good distribution across industries and regions Achieving an increased prominence, strong growth Important component to OFDI and strategy of MNCS from India Strategy and performance Performance strong on an absolute and a comparative basis
Need comparative analysis to other modes Need deeper analysis of strategy and performance of acquisitions