Professional Documents
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Globalization
Globalization
BY
DHARMIN .V. KORADIA
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?
“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
One way to
approach this: think
about the world
before globalization
Calculating CAR
►Used the following formula to calculate the abnormal returns -
^ ^
ARit = Rit - α i - β i Rmt, (t = -7 to t= +7)