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The Rise of Indian Multinationals
Multinational investment, since the beginning, has primarily been a phenomenon of the developed countries. Until about 2000, the geographical composition of multinational activity was highly concentrated in terms of both the recipient as well as the donor countries. However, with the turn of the century, developing countries started improving their shares both in inflows and in outflows of multinational investment. The book provides a comprehensive examination and analysis of multinational investment from emerging Asian countries with emphasis on Indian multinationals, and derives policy implications with respect to home country measures for developing countries. Existing theories of multinational investment are looked at, and the book manages to highlight what cannot be explained by the existing theories with respect to multinational investment from developing countries. It goes on to identify determinants of multinational investment from Asian developing countries, and the author presents an analysis of Indian multinationals in order to bring out distinctive characteristics and strategies of Asian multinationals.
Accelerators of India's Growth—Industry, Trade and Employment
This book offers a collection of distinguished contributions that identify current growth accelerators in India, and suggest policies and strategies to make India’s growth more sustainable and inclusive. The papers are divided into three sections, the first of which focuses on issues related to industrial growth in India. The discussions include India’s industrial development (manufacturing, construction and mining); role of manufacturing; global value chains; and of environment in industrial development. In turn, section II deals with issues related to trade and FDI as accelerators of India’s growth. The respective chapters explore the changing patterns of trade, impacts of technology, and spill-over effects of FDI, to name but a few. Lastly, the third section discusses employment-related issues like measurement of labour input, the dichotomy of the Indian labour market, the nature of firms and employment generation, and impacts of technology on employment. Given its scope and focus, the book offers an invaluable resource for researchers and policymakers alike.
Brexit: Opportunities for India
India has always had much less trade and investment with the United Kingdom (UK) than with the European Union (EU). Nevertheless, trade and investments between India and UK have been rising steadily since 2005. Brexit provides a fresh opportunity to India to strengthen its economic relationship with the UK through an India-UK free trade agreement (FTA). This paper estimates the impact of an FTA between India and the UK on merchandise trade, at a disaggregated product level. The paper also identifies new products that India could export to the UK to diversify its export basket. It examines bilateral trade in services and the potential to increase this trade. The paper concludes by suggesting a way to strengthen India's economic relationship with the UK.
Global Value Chains
This issue of Commonwealth Trade Hot Topics highlights the features of Global Value Chains related to value-added production and trade, and points out the nature of development assistance programmes that would be most useful for capacity-constrained developing countries.
Emerging ́New Issueś in Multilateral Trade Agreements
Very slow progress has been made in multilateral trade negotiations since the initiation of the Doha Development Round in November 2001. Responding to this, the 10th Ministerial Meeting of the World Trade Organization in Nairobi has the potential of becoming a watershed moment by opening up the possibility of 'new issues' entering the multilateral negotiations. This policy brief discusses some of the likely 'new issues' which may be tabled for entering the negotiations, and assesses their likely legal and economic implications for developing and least developed countries (LDCs) and small states.
WTO Moratorium on Customs Duties on Electronic Transmissions
This research paper highlights the adverse impacts of the continuing WTO moratorium on customs duties on electronic transmissions on the developing and least developed countries. The rapidly progressing digitalization along with the ongoing pandemic and the food crisis are creating multiple demands on the government revenues. However, because of the moratorium almost all developing, and least developed countries are losing tariff revenues especially at the time when they are most needed. Not only are they losing the fiscal space but are also losing their regulatory space as they are unable to regulate the growing imports of digitizable products, especially of luxury items like the movies, mu...
Twenty Years of India's Liberalization
At head of title: United Nations Conference on Trade and Development.
