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Your assignment is to prepare and submit a paper on india foreign direct investment (fdi) analysis.
Your assignment is to prepare and submit a paper on india foreign direct investment (fdi) analysis. The multifaceted connotation of globalisation as a concept, policy and process describes and reflects increased economic interdependence of countries, which includes flows of goods and services across borders, reductions in policy and transport barriers to trade, international capital flows, multinational activity, foreign direct investment, outsourcing, increased exposure to exchange rate volatility and immigration. These movements of goods, services, capital, firms and people are believed to contribute to the spread of technology, knowledge, culture and information across borders (Fischer, 2003. Soros, 2002. Balakrishnan, 2003) shrinking the world (Supporting SMEs, 2007). As globalisation permeates the contemporary world, understanding the role of foreign direct investments becomes necessary.
Foreign direct investment (FDI) is an explicit consequence of the principles of globalisation – economic liberalisation, free trade and decentralisation. Economic liberalisation upholds the ideals of individual liberty, “treaties of friendship, liberal national legislation, bilateral trade / commerce and less and less government intervention in the market” (Killion, 2003 p5). While free trade which is entailed in the idea of free market connotes the idea of the lowering or the elimination of tariffs and other forms of economic barriers (Helleiner, 2003. Chakraborty & Basu, 2002), and at the same time implementing less and less governmental intervention in the market (Burbidge,1978. Helleiner, 2003. Killion, 2003). Thus, the role of FDI is primordial in understanding national economy and market in the global economy.
Despite this reality, India’s growth makes it one of the emerging powers in the 21st century among the Third World countries (Harris, 2005. Huang & Khanna, 2003). This feat India has attained only for two decades since her integration in the world economy on 1991 (Selko, 2008. Nayar, 2006).
