Summary |
In the context of the Indian economy attempting to integrate itself with the developed economies of the world, corporate restructuring has assumed vital importance. Given the current economic reforms process and a political environment of encouraging MNC investments in India, all corporate be they in the private, public or service sector have no option but to restructure. Many are already in the throes or frantic restructuring, more often a knee-jerk reaction than a well thought out plan.
The developed nations and global firms, who are primarily interested in ‘market access’, will use several means to prise open the economies of large nations such as China and India. A case in point is the ‘contestability’ clause that the world Trade organisation now wishes to introduce in the agreements governing the entry and operations of MNCs.
|
