Is FDI Integrating the World Economy?

Integrating India With the World Economy: Progress, Problems and Prospects

India was largely insulated from the world trading system for more than four decades after independence in 1947. Pursuit of an inward-oriented development strategy, rationalized both by a wary, almost hostile, attitude towards foreign trade, technology and investment, and by pessimism about export markets, inevitably led to India becoming marginalized in world trade. During the period of rapid ...

China and the World Economy Research Paper 2006 / 33 Economic Growth in the Presence of FDI :

Although FDI is widely believed to have a positive effect on economic growth, the exact mechanism of how FDI impacts upon the development process of the newly industrialising economies is far from being well understood. This paper presents and tests two propositions on the role of FDI in economic growth from a newly industrialising economy’s perspective. First, FDI is a mover of production effi...

What is "Race-To-The-Bottom" Effect On FDI Inflow?

Terrorism and the world economy

It has been argued that terrorism should not have a large effect on economic activity, because terrorist attacks destroy only a small fraction of the stock of capital of a country (see, e.g., Becker, G., Murphy, K., 2001. Prosperity will rise out of the ashes. Wall Street Journal October 29, 2001). In contrast, empirical estimates of the consequences of terrorism typically suggest large effects...

China and the World Economy

We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by Chinese State owned enterprises (SOEs). We use a comprehensive firm level panel data set of some 30,000 SOEs covering the period 1999 to 2003. Our results show that foreign capital participation is associated with higher innovative activity. Inward FDI in the sector has a negative ef...