Summary |
In approximating the significance of FDI, especially from the view point of developing countries, it is useful to make a distinction between macro-economic and micro-economic effects. The former is connected with issues of domestic capital formation, balance of payments, and taking advantage of external markets for achieving faster growth, while the latter is connected with the issues of cost reduction, product quality improvement, making changes in industrial structure and developing global inter-firm linkages. In this context, in needs to be recognized that FDI is an aggregate entity, the sum total of the investments made by many diverse multinationals, each with its own corporate strategy. The micro-economic effects of the investment made by one multinational may be quite different from that of another multinational even if the investments are made in the same industry. The book has been designed so that it may be used by top management, department management, executive, executive aspirant, exchanger, investors, accountant, teacher, student of business and management and indeed all those concerned with the conduct of business and investor.
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