Code C 811
To give the students an understanding of the globalization process, the principal mechanisms of international economic connections through which it works and an idea of some of the debates it has evoked.
Expected Learning Outcome:
Having studied this course the undergraduate students can equip themselves with some knowledge of the happenings in the field of economy, finance and politics that will provide them with a better perspective on developments in the world around them.
Structural Adjustment Programme, Globalization and the new global economy: globalization as representing the triumph of free market capitalism.
Continuity and change in the world economy since the 1970s.
Economic Policy Changes in the Advanced and Developing Nations and Developments in Communication Technology.
Geographical pattern of economic activity, patterns of international trade, foreign direct investment and capital flows.
Transnational Corporations and the Globalization Process: TNCs and FDI and technology flows; intra-firm and inter-firm trade; international production networks.
Structure and Working of the International Capital market: the main actors and instruments of international asset transaction; offshore banking; Eurocurrencies and Eurocurrency trading; global finance and hot money flows.
Regional and multilateral agreements: Brief history.
Multilateral Institutions, their Structure and Working:
International Monetary Fund and the World Bank.
Agricultural globalization and Developing Countries.
Industry and Services in the globalization process: Labour, Migration and Outsourcing.
Financial globalization: footloose capital and capital controls.
The World Trade Organization: Organizational structure and decision making process and its evolving role.
Issues in Globalization: Alternative perspectives on its nature and character.
Critical dimensions: economic. political. strategic. cultural and informatic.
Questioning the benefits of economic integration: Inequality and instability in global economy.
Globalization, State, Sovereignty and the Civil Society.
The World Social Forum.