Murali Patibandla
- Published in print:
- 2020
- Published Online:
- September 2020
- ISBN:
- 9780190126865
- eISBN:
- 9780190991951
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780190126865.003.0001
- Subject:
- Economics and Finance, International
International trade and investment across countries, both developed and developing economies, are a major source of economic growth by improving allocative efficiency of resources and rapid flow of ...
More
International trade and investment across countries, both developed and developing economies, are a major source of economic growth by improving allocative efficiency of resources and rapid flow of advanced technologies. Several developing and socialist economies that pursued inward orientation since the last forty years started to open up their economies for international trade and investment. Countries that had initial endowment of industrial, technological endowments, and basic institutions have able to take advantage of this phenomenon. India fits this bill. It acquired basic industrial, technological, and capitalist institutions. The reforms operate on the basis of these endowments. The objective of the book is to trace out the underlying theoretical and empirical factors that demonstrate the effect of the reforms It explains the reason for dividing the book into two part: (1) International Trade Behaviour: the Pre-reform Era and (2) International Trade and Investment Behaviour: The Post-reform era.Less
International trade and investment across countries, both developed and developing economies, are a major source of economic growth by improving allocative efficiency of resources and rapid flow of advanced technologies. Several developing and socialist economies that pursued inward orientation since the last forty years started to open up their economies for international trade and investment. Countries that had initial endowment of industrial, technological endowments, and basic institutions have able to take advantage of this phenomenon. India fits this bill. It acquired basic industrial, technological, and capitalist institutions. The reforms operate on the basis of these endowments. The objective of the book is to trace out the underlying theoretical and empirical factors that demonstrate the effect of the reforms It explains the reason for dividing the book into two part: (1) International Trade Behaviour: the Pre-reform Era and (2) International Trade and Investment Behaviour: The Post-reform era.
Murali Patibandla
- Published in print:
- 2020
- Published Online:
- September 2020
- ISBN:
- 9780190126865
- eISBN:
- 9780190991951
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780190126865.003.0009
- Subject:
- Economics and Finance, International
An important phenomena in recent years is the entry of emerging economy multinational firms on the global stage with important implications on the structure. These countries are China, South Korea, ...
More
An important phenomena in recent years is the entry of emerging economy multinational firms on the global stage with important implications on the structure. These countries are China, South Korea, Brazil, Argentina, and India. In the Post-reforms era domestic market has become very competitive, driving Indian companies to acquire world class standards in technology and organization. A consequence of this is several large Indian firms investing oversea markets especially developed countries with both green field ventures and cross-border acquisitions. India’s endowment of largescale skilled manpower (human capital) provided comparative advantage both for exports and international investments. One of the underlying factors for Indian corporations (generally emerging economy multinational firms) investing in developed countries is to develop linkages with the world market in order to leverage strategic resources that in turn promote learning within the firm.Less
An important phenomena in recent years is the entry of emerging economy multinational firms on the global stage with important implications on the structure. These countries are China, South Korea, Brazil, Argentina, and India. In the Post-reforms era domestic market has become very competitive, driving Indian companies to acquire world class standards in technology and organization. A consequence of this is several large Indian firms investing oversea markets especially developed countries with both green field ventures and cross-border acquisitions. India’s endowment of largescale skilled manpower (human capital) provided comparative advantage both for exports and international investments. One of the underlying factors for Indian corporations (generally emerging economy multinational firms) investing in developed countries is to develop linkages with the world market in order to leverage strategic resources that in turn promote learning within the firm.
