2010/2011 BA-JAP_VIGE INDIA IN THE GLOBAL ECONOMY

English Title
INDIA IN THE GLOBAL ECONOMY

Course Information
Language	English
Point	7,5 ECTS (225 SAT)
Type	Elective
Level	Bachelor
Duration	One Semester
Course Period	Spring
Time Table	Please see course schedule at e-Campus
Max. participants	35
Study Board	Study Board for Asian Study Programme
Course Coordinator
Anthony D'Costa - Department of International Economics and Management
Secretary Marianne Christensen - mc.int@cbs.dk
Main Category of the Course
Globalization, International Business, markets and studies
Taught under Open University-Taught under open university.
Last updated on 29 maj 2012

Learning Objectives

The course will prepare students to understand contemporary India in the following ways:
1. Appreciate the social basis of Indian economic transformation
2. Link Indian politics under parliamentary democracy to social and economic mobility
3. State planning, economic reforms, and Indian style globalization
4. Corporate expansion, market development, entrepreneurship, and outward FDI
5. Global developments such as Washington Consensus, WTO, and the Rise of China
Objectives:
The course is designed to prepare students to have a nuanced understanding of transforming India. This means they must know the basics of Indian social structure and changing social institutions, the political framework by which India is governed, the changing policy environment, and its implications for economic development and India’s global engagement. Students will be given basic references to theories and frameworks drawn from a range of disciplines including international business, development studies, economics, politics, and sociology. Cognitively they should know simple economic relationships operating in the context of politics and social change.

Prerequisite

Any undergraduate can take this course

Examination

Written Essay, 10 pages


Exam Period	May/June

Examination

There will be a written take home essay of 10 pages per student. Group projects are encouraged (with maximum two members in each group). Each project team will comprise 2 students, with 10 pages per student. Each student specifies which 10 pages he/she is responsible for and this is used for individual grading. Individual papers will be accepted, max 10 pages.

The essay will be prepared outside the classroom turned in after the course lecturing is over on a given hand-in date and time. The paper will be based on the analysis of a topic from a list that the teacher will prepare. This topic will be related to the objectives outlined above. Student interest will be also taken into account. The essay will be turned in on a specific date during the examination period set by the Study Board.

Course Content

This course is an introduction to contemporary India. It examines why and how India is participating in the global economy. There are two parts to answering this question. The first has to do with internal changes that are transforming India in economic, political, and social ways. It is argued that such change is creating the foundations for India’s global participation. The second part links these internal changes to shifts in the world economy such as the process of globalization (trade, foreign investment, technology flows), the IT revolution and India’s particular place in it, the Indian diaspora which is linking the global economy with Indian business through technical and commercial knowledge, and India’s increasing global visibility in world affairs. In the best traditions of interdisciplinary studies, this course is historically grounded and integrates social science, economics, and business disciplines in a critical manner. Indian economic development is seen with multilayered interactions between class, caste, ethnicity, and region. Particular attention is given to the role of the Indian state, especially in terms of economic policy, from intervention to liberalization and reforms and increasingly to active global participation. With this course students will be intellectually better prepared to appreciate the complexities of a transforming modern India and the economic and business opportunities and challenges that arise for both India and the world.

Teaching Methods

The student will be exposed to specific social science theoretical frameworks that shed light on economic and social transformation and corresponding economic and business frameworks that aim to capture commercial developments. The course readings are important introductions to the various topics and will be complemented by the teacher’s two decades of research on India.

Literature

Textbooks:

1. Stern, Robert W. 2003, Changing India: Bourgeois Revolution in the Subcontinent, Cambridge: Cambridge University Press (2^nd edition) (Stern).

2. D’Costa, A.P. 2005, The Long March to Capitalism: Embougeoisment, Internationalization, and Industrial Transformation in India, Basingstoke Houndmills: Palgrave Macmillan.

Recommended Newspapers/Magazines:

The Statesman, India Today, Business India, Economic and Political Weekly, the Economist, Business Week, the New York Times, Frontline, The Hindu Businessline, Economic Times of India, Times of India.

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2010/2011 BA-JAP_VIGE INDIA IN THE GLOBAL ECONOMY

Course Information