Foreign Direct Investment in South Asia Policy, Impact, Determinants
During the 1990s, the governments of South Asian countries acted as ‘facilitators’ to attract FDI. As a result, the inflow of FDI increased. However, to become an attractive FDI destination as China, Singapore, or Brazil, South Asia has to improve the loc
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Foreign Direct Investment in South Asia Policy, Impact, Determinants and Challenges
Foreign Direct Investment in South Asia
Pravakar Sahoo • Geethanjali Nataraj Ranjan Kumar Dash
Foreign Direct Investment in South Asia Policy, Impact, Determinants and Challenges
Pravakar Sahoo Institute of Economic Growth (IEG) Delhi University Enclave Delhi, India
Geethanjali Nataraj Observer Research Foundation (ORF) Delhi, India
Ranjan Kumar Dash Indian Council for Research on International Economic Relations (ICRIER) Delhi, India
ISBN 978-81-322-1535-6 ISBN 978-81-322-1536-3 (eBook) DOI 10.1007/978-81-322-1536-3 Springer New Delhi Heidelberg New York Dordrecht London Library of Congress Control Number: 2013947740 © Springer India 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Foreword
Inflows of foreign direct investment (FDI) to the Asian region—insignificant until the mid-1980s—increased since the mid-1990s as FDI shifted from the traditionally important locations in the developed world. South Asia has been a beneficiary of this shift. In fact, FDI has played a leading role in the economic development of many South Asian countries and has been an important source of foreign capital. Since the 1990s, and more so in recent years, governments of South Asian coun
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