Development of British FDI in India in 1991-2008

• Autorzy: Grzegorz Grabowski
• Języki publikacji: EN

Abstrakty

EN

Globalization is often defined as the process of greater interdependence among countries and their citizens. Nowadays, no country can exists in economic isolation. Levels of income and employment, living standard, industries, service sectors depend on the integrated global market, where the liberalization of trade and investment is remarkable1. Especially foreign investments - portfolio investment and direct investment, which can be regarded as substitutes for international trade, have recently played more and more significant role in the international economy2. The role of international capital movement in the form of foreign direct investment (FDI)3 is still debated among economists. Until the 1980s, many governments of developing countries regarded it with great wariness. It was viewed as a threat by host countries. Since then the attitude has changed much and the investment policy of attracting foreign capital has been developed4. Moreover, the global financial integration was a cause of the considerable increase in net capital flows from developed countries to developing countries'. The following paper concentrates on the inflow of FDI from the UK to India as one of the example of the mentioned tendency6. First, briefly is presented the genesis of British FDI in India, then we concentrate on the development of Indian FDI regime with special focus on the liberalization of the economy and the FDI policy, which was initiated in 1990s. Next the attention is focused on the growth of FDI inflows to India, placing emphasis on British capital, its structure in terms of sectors and regions, in the years 1991-20087. The last section of the article provides a specification of major British investors in India. (fragment of text)

Słowa kluczowe

EN

Direct investments; Foreign investment

PL

Inwestycje bezpośrednie; Inwestycje zagraniczne

• Czasopismo: Zeszyty Studiów Doktoranckich / Uniwersytet Ekonomiczny w Poznaniu. Wydział Ekonomii
• Rocznik: 2009
• Numer: nr 45
• Strony: 25--47

Twórcy

autor

Grzegorz Grabowski

Bibliografia

• Annual Report 2007-2008, Government of India, Ministry of Commerce & Industry, Department of Industrial Policy and Promotion, New Dehli 2008.
• Ariff M., Khalid, A.M., Liberalization and growth in Asia: 21s' century challenges, Edward Elgar, Cheltenham, UK 2004.
• Bożyk P., Międzynarodowe stosunki ekonomiczne. Teoria i polityka, Polskie Wydawnictwo Ekonomiczne, Warszawa 2008.
• Brooks D.H., Fan, E.X., Sumulong, L.R., Foreign Direct Investment: Recent Trends and the Policy Context, in: (ed) D. H. Brooks, H. Hill, Managing FDI in a Globalizing Economy: Asian Ecperiences, Palgrave Macmillan, New York 2004.
• Carbaugh R.J., International Economics, Thomson South - Western, Canada 2006.
• Czerwieniec E., Zagraniczne inwestycje bezpośrednie w gospodarce krajów wysoko rozwiniętych, Zeszyty Naukowe 105, Wydawnictwo Akademii Ekonomicznej w Poznaniu, Poznań 1990.
• Deszczyński P-> Inwestycje bezpośrednie RFN w Polsce w okresie transformacji, Ruch Prawniczy, Ekonomiczny i Socjologiczny, no. 1/2004, Poznań 2004.
• Hii' H-, Six Asian Economies: Issues and Lessons, in: (ed) D.H. Brooks, H. Hill, Managing FDI in a Globalizing Economy: Asian Experience, Palgrave Macmillan, New York 2004.
• Investing in India - Foreign Direct Investment - Policy and Procedures, Government of India, Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, New Delhi 2008.
• Jeremy D.J., A business history of Britain, 1900-1990s, Oxford University Press, New York 1998.
• Kanuk A.R., Capital markets of India: an investor's guide, John Willey & Sons, New Jersey, USA 2007.
• Kieniewicz, J., Historia Indii, Zakład Narodowy im. Ossolińskich, Wrocław 2003.
• Krugman P. R., Obstfeld M., International Economics: theory and policy, Pearson Addison Wesley, Boston, USA 2006.
• Kumar N., India, in: (ed) D.H. Brooks, H. Hill, Managing FDI in a Globalizing Economy: Asian Experience, Palgrave Macmillan, New York 2004.
• Kumar, N., Foreign Direct Investment in: The Oxford Companion to Economics in India A- Z, Oxford University Press, New Dehli 2008.
• Liberska B., Wielkie zmiany na globalnym rynku, Rzeczpospolita, 22.03.2008.
• Matkowska M., Zagraniczne inwestycje bezpośrednie, in: (ed) J. Dudziński, H. Nakonieczna-Ksiel, Międzynarodowe stosunki gospodarcze: wybrane zagadnienia, Wydawnictwo Zachodniopomorskiej Szkoły Biznesu, Szczecin 2007.
• Nytko M., Liberalisation of Indian foreign direct investment policy: 1991-2006, Zeszyt Studiów Doktoranckich, no. 32, AE w Poznaniu, Poznań 2007.
• OECD Benchmark Definition of Foreign Direct Investment, OECD, Third edition, Paris 1999.
• OECD Economic Surveys: India, OECD, Volume 2007/14, Paris 2007.
• OECD Economic Surveys: United Kingdom, OECD, Volume 2007/17, Paris 2007.
• OECD Factbook 2008: economic, environmental and social statisitics, OECD, Paris 2008.
• Panagariya A., A Triumph of Reforms in India., in: (ed) W. Tseng, D. Cowen, Experience with Reform and Growth, IMF, Palgrave Macmillan, New York 2007.
• Prasad E., Rogoff, K., Wei S.J., Kose M. A., Effects of Financial Globalization on Developing Countries: Some Empirical Evidence, in: (ed) W. Tseng, D. Cowen, Experience with Reform and Growth, IMF, Palgrave Macmillan, New York 2007.
• Rinivasan T. N., Tendulkar S. D., Reintegrating India with the World Economy, Institute for International Economics, Washington, DC, USA 2003.
• Salvatore D., International Economics, John Wiley & Sons, New York 2007.
• Singh K., Foreign Direct Investment in India: A critical Analysis of FDI from 1991- 2005, New Dehli, 2005.
• Singh K., Bery S., India's Growth Experience, in: (ed) W. Tseng, D. Cowen, Experience with Reform and Growth, IMF, Palgrave Macmillan, New York 2007.
• Szczepkowska-Flis A., Wewnątrzbranżowe efekty spillover bezpośrednich inwestycji zagranicznych, "Ruch Prawniczy, Ekonomiczny i Socjologiczny" 2008, no. 1, Poznań 2008.
• UK Inward Investment 2007/2008, UK Trade & Investment, London 2008.
• White A., UK Foreign Direct Investment and Sector Impacts, GHK and the Joint Nature Conservation Committee, Plymouth 2008.
• World Investment Report 2007, Transnational Corporation, Extractive Industries and Development, UNCATD, United Nation, New York and Geneva 2007.
• www.dipp.nic.in.
• www.oecd.org.
• www.rbi.org.in.
• www.statistics.gov.uk.
• www.ukinindia.fco.gov.uk.
• www.uncadt.org