This volume examines the opportunities and challenges in Foreign Direct Investment (FDI) and trade, particularly service trade, for developing and emerging economies in a globalised world. Using comprehensive case studies from India, Pakistan, Bangladesh, Association of Southeast Asian Nations (ASEAN) and other South Asian Association for Regional Cooperation (SAARC) countries, it explores various channels through which trade and FDI affect the process of economic growth and development. In particular, it determines growth trajectories impelled by service trade (such as telecommunications, transport, finance and distribution), where developing countries are playing an increasingly significant role. It also discusses value chains and production networks in the backdrop of the financial crisis of 2008.
Combining theoretical and empirical tools, rigorous methodology and latest data, this work will serve as an important resource for formulation of international trade and economic policies in developing countries. It will be of special interest to students, researchers and policy makers dealing with international trade and FDI, and those in economics, commerce, business & management and political science.
List of Tables. List of Figures. Acknowledgements.Foreign Direct Investment, Trade in Services and Economic Growth: An Introduction Shahid Ahmed Section I. FDI, Trade and Economic Growth 1. India–ASEAN Trade, FDI and Growth: Exploring Challenges and Opportunities Post-global Financial Crisis Tran Van Hoa 2. FDI in Sensitive Sectors: The Case of the Retail Sector in India Tanu M. Goyal and Arpita Mukherjee 3. FDI and Precision Agriculture in India Sarah Ahmed 4. Trade, Foreign Direct Investment and Economic Growth Linkages in Selected South Asian Countries Md. Saiful Islam and Syed Imran Ali Meerza 5. Estimating Country-specific Determinants of Foreign Direct Investment Flows in India: Evidence from VAR and the Innovation Accounting Model Bikash Ranjan Mishra 6. Causality Between Trade, Foreign Direct Investment and Economic Growth Under the Structural Adjustment Programme in India: An Application of the Toda Yamomoto Test Harish 7. Foreign Direct Investment and Efficiency: A Stochastic Frontier Analysis Suman Sharma 8. Financial Decoupling of Emerging Asset Markets from Japan and the US Peter J. Morton Section II. Trade in Services 9. India’s Trade in Services with Select FTA and Non-FTA Partners: An Analysis of Comparative Advantage Nabeel A. Mancheri 10. Export Potential of India’s Higher Education Sector: Identifying Opportunities and Constraints Shahid Ahmed and Sushil Kumar 11. Changing Pattern of Country Competitiveness in Trade in Computer and Information Services Jayesh N. Desai 12. Optimal Pricing Policy of Kolkata–Agartala Transit Route: Some Methodological Issues Subir Kumar Sen, Sudakshina Gupta and Ishita Mukhopadhyay Section III. Value Chains and Production Networks 13. Integration of the Indian Machinery Sector into Global Production Networks Neha Gupta 14. Value Chain in the Light Engineering Sector of Bangladesh: Challenges towards the Development of Regional Linkages Khondaker Golam Moazzem and Mehruna Islam Chowdhury. About the Editor. Notes on Contributors. Index