Rajneesh Narula
University of Reading, UK
Abstract:
A number of developing countries – such as India – have seen a growth in outward FDI by domestic multinational enterprises over the last two decades. A number of home countries (both developing and developed) have sought to encourage and promote such activity, arguing that such firms reflect their competitiveness and shifting comparative advantage. Other countries have reacted with alarm at outward FDI activity, feeling that it represents a ‘hollowing out’ of domestic assets, signalling a decline in their competitiveness. Professor Narula contends that both can be true simultaneously, especially in those countries that have a ‘‘Lewisian’’ dual economy, such as India. There are costs and benefits associated with outward FDI. Professor Narula argues that there is a greater likelihood that such investments will prove to be capital flight rather than opportunities for domestic upgrading, when generic approaches are applied.
Date: April 7, 2014
Time: 03:30 P.M.
Venue:
NCAER Conference Room
National Council of Applied Economic Research
Parisila Bhawan, 11, Indraprastha Estate
New Delhi-110002(INDIA)
Location:
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Note:
Please join us for tea after the seminar. For queries, please contact Ms. Sudesh Bala at sbala@ncaer.org or on 011-2345-2669.
University of Reading, UK
Abstract:
A number of developing countries – such as India – have seen a growth in outward FDI by domestic multinational enterprises over the last two decades. A number of home countries (both developing and developed) have sought to encourage and promote such activity, arguing that such firms reflect their competitiveness and shifting comparative advantage. Other countries have reacted with alarm at outward FDI activity, feeling that it represents a ‘hollowing out’ of domestic assets, signalling a decline in their competitiveness. Professor Narula contends that both can be true simultaneously, especially in those countries that have a ‘‘Lewisian’’ dual economy, such as India. There are costs and benefits associated with outward FDI. Professor Narula argues that there is a greater likelihood that such investments will prove to be capital flight rather than opportunities for domestic upgrading, when generic approaches are applied.
Date: April 7, 2014
Time: 03:30 P.M.
Venue:
NCAER Conference Room
National Council of Applied Economic Research
Parisila Bhawan, 11, Indraprastha Estate
New Delhi-110002(INDIA)
Location:
View Larger Map
Note:
Please join us for tea after the seminar. For queries, please contact Ms. Sudesh Bala at sbala@ncaer.org or on 011-2345-2669.
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