Foreign Investment in Rapidly Growing Countries The Chinese and Indi
China and India have both received a great amount of focus from the foreign investors. However, there are acute differences in the implementation of the economic reforms; China made rapid progress in the manufacture of high technology products, whilst Ind
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Also by H.S. Kehal DIGITAL ECONOMY: Impacts, Influences and Challenges (co-edited with Varinder Pal Singh) FOREIGN INVESTMENT IN DEVELOPING COUNTRIES
Foreign Investment in Rapidly Growing Countries The Chinese and Indian Experience Edited by
H.S. Kehal
Editorial matter and selection © H.S. Kehal 2005 Introduction and Chapters 1–11 © Palgrave Macmillan Ltd 2005 Softcover reprint of the hardcover 1st edition 2005 978-1-4039-4168-8 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London W1T 4LP. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2005 by PALGRAVE MACMILLAN Houndmills, Basingstoke, Hampshire RG21 6XS and 175 Fifth Avenue, New York, N. Y. 10010 Companies and representatives throughout the world. PALGRAVE MACMILLAN is the global academic imprint of the Palgrave Macmillan division of St. Martin’s Press, LLC and of Palgrave Macmillan Ltd. Macmillan® is a registered trademark in the United States, United Kingdom and other countries. Palgrave is a registered trademark in the European Union and other countries. ISBN 978-1-349-52094-7 DOI 10.1057/9780230554887
ISBN 978-0-230-55488-7 (eBook)
This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. A catalogue record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data Foreign investment in rapidly growing countries : the chinese and indian experience / H.S. Kehal, editor. p. cm. Includes bibliographical references and index. ISBN 978-1-349-52094-7 1. Investments, Foreign—China. 2. Investments, Foreign—India. 3. International business enterprises—China. 4. International business enterprises—India. 5. China—Economic policy. 6. India—Economic policy. I. Kehal, Harbhajan, 1942– HG5782.F685 2004 332.6730951—dc22 10 9 8 7 6 5 4 3 2 1 14 13 12 11 10 09 08 07 06 05
2004054709
In memory of my parents Chaudhry Harkishan Singh Kehal and Sardarni Harnam Kaur Kehal who have taught me to be positive and enthusiastic for the success of new endeavours
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Contents List of Tables
ix
List of Figures
xi
Preface and Acknowledgements
xii
Notes on the Contributors
xv
List of Abbreviations and Acronyms
xx
Introduction Harbhajan S. Kehal, Harender H. Samtani and Jagjit S. Sawhney 1 The Anatomy of a ‘Growth Miracle’ Earl A. Thompson 2 Foreign Direct Investment: A Brief Overview of the Micro Issues S
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