The document discusses several key aspects of globalization, including the compression of time and space, deterritorialization, and increased interconnectedness on a global scale. It explores how globalization has reduced the relevance of distance and made boundaries more permeable. Technological advances, increased trade and commerce, private capital flows, travel/migration, and communication have all contributed to globalization's effects. However, globalization is also controversial, with debates around whether it threatens non-Western societies or benefits only a few. Questions about its impact on poverty and the legitimacy of anti-globalization protests are also discussed.

2. Video: Emerging Powers: India
• What did you find informative
about this film?
• What is the basic argument that
the film presents about India and
about globalization?
• How does the film interpret such
things as India’s widespread
poverty and its periodic flare-ups
of ethnic and religious strife?
• Why are India and China so
important?

3. “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
• time-space compression
• deterritorialization and supraterritoriality

4. One way to
approach this: think
about the world
before globalization
• Distance mattered—space 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)

5. In a world of deterritorialization and
supraterritoriality:
•Distance becomes almost irrelevant (the end of
distance)
•Boundaries are increasingly permeable.
•Groups and cultures increasingly don’t have a
territorial basis
•A new kind of non-physical “place” is emerging

6. Bosworth and Gordon: A survey of
some key processes of globalization
• Technological advances
• Expansion of international commerce (exports
and imports)
• 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)

7. 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?”

8. 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 “anti-
globalization” protestors ask?
Amartya Sen: How to Judge
Globalization (Normatively)

9. “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.”

10. “Over the past decade globalization has
been driven by technological
advances…..But globalization has also
been driven by policies and ideas…”
Bosworth & Gordon
Next time: globalization as a neoliberal
project

11. 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
► Several market expansion motives related to good performance
► Market clearly rewarding international expansion strategy of
Indian firms
► Need comparative analysis to other modes
► Need deeper analysis of strategy and performance of acquisitions