International Trade and Investment Behaviour of Firms [Hardcover]

In the last four decades the world has been significantly impacted by globalization and rapid technological changes. This in turn had major effects on the global economy. India also managed to achieve a degree of economic prosperity over the last few years after opening up their economy. Focusing on Indian firms, the book spans the period from the pre-reform era to the post-reform era, when the market was responding to policy reforms and global market dynamics. The book also comments on the economic and institutional factors that change over time, locally as well as globally, and affect the behaviour of firms and industries.In the last four decades the world has been significantly impacted by globalization and rapid technological changes. This in turn had major effects on the global economy. Several developing and socialist economies that earlier followed closed door and import substitution policies started to open up their economies to world trade and investments. Some such countries, as India, managed to achieve a degree of economic prosperity over the last few years after opening up their economy. The analyses in this book show that there are significant benefits from international trade and investment to emerging economies that possess critical-level initial conditions in technology, infrastructure, and ease of doing business, and also have friendly policies.Focusing on Indian firms, the book spans the period from the pre-reform era to the post-reform era, when the market was responding to policy reforms and global market dynamics. The reforms, it argues, resulted in positive outcomes of increased outward orientation and annual growth rates. The book also comments on the economic and institutional factors that change over time, locally as well as globally, and affect the behaviour of firms and industries.List of Tables and FiguresForewordPrefaceAcknowledgementPart 1: International Trade Behaviour of Firms: The Pre-Reforms Era1. Introduction2: Review of Literaturlƒ: