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.
- ISBN10 0190126868
- ISBN13 9780190126865
- Publish Date 29 September 2020
- Publish Status Active
- Publish Country IN
- Imprint OUP India
- Format Hardcover
- Pages 264
- Language English