Implication of Economic Reform for Foreign Direct Investment Keshari, Pradeep K.
By: Keshari, Pradeep K
Material type:
ArticlePublisher: 1996Subject(s): Edi Faculty Papers | India | Economic Reforms | Foreign Direct Investment | Environment | Business Response | Business Environment | Business Response To Changing Environmen | Entrepreneurship | Second Seminar On Business Response To C | Biennial Conference Papers
In:
Second Seminar on Business Response to Changing EnvironmentSummary: The attitude of developing countries towards Foreign Direct Investment (FDI) has become favourable over the past decade. The arguments of dependency school disfavoring FDI (see Jenkins 1989 for a summary of the arguments) and of inward looking development strategy popular in the sixties and seventies no longer appeal to these countries. Due to the packaged nature of FDI, which involves not only equity capital in foreign currency but also proprietary technology, managerial and marketing expertise, organizational skill and access to international distribution network of multinational corporations, (MNCs), FDI is being recognized as an important factor that can accelerate the economic growth of the developing countries and improve their international competitiveness. Increasing number of developing countries is, therefore, improving their policy regimes to channel larger flows of FDI in their economies (refer to an issue of Asian Development Review, Vol.11 No.1, 993 on FDI in Asian and Pacific region). Belatedly, India too has joined the club of these developing countries. The main objective this paper are to briefly review the recent developments in economic policy of the...
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Ahmedabad (HO) | (Browse shelf) | Vol. , Issue. | Available | 019849 |
The attitude of developing countries towards Foreign Direct Investment (FDI) has become favourable over the past decade. The arguments of dependency school disfavoring FDI (see Jenkins 1989 for a summary of the arguments) and of inward looking development strategy popular in the sixties and seventies no longer appeal to these countries. Due to the packaged nature of FDI, which involves not only equity capital in foreign currency but also proprietary technology, managerial and marketing expertise, organizational skill and access to international distribution network of multinational corporations, (MNCs), FDI is being recognized as an important factor that can accelerate the economic growth of the developing countries and improve their international competitiveness. Increasing number of developing countries is, therefore, improving their policy regimes to channel larger flows of FDI in their economies (refer to an issue of Asian Development Review, Vol.11 No.1, 993 on FDI in Asian and Pacific region). Belatedly, India too has joined the club of these developing countries. The main objective this paper are to briefly review the recent developments in economic policy of the...
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