The role of India and China is expanding in the global economy. A whole new array of economic and financial issues are emerging which need to be tackled if the current period of growth is to endure. The issues that need attention include how to expand the services sector, especially financial services; how to keep pace with the incredible growth of the manufacturing sector; how to ensure the widest possible diffusion of the huge economic gains seen over the last ten years and how to provide the framework for the development of two-fifths of the human race.

Economic Reforms in India and China: Emerging Issues and Challenges aims at providing the goals, strategies and policies to tackle these issues. It discusses the efforts to address issues like encouraging less successful sectors of the economy that have been complicated by forces of globalization and the ever-changing realities of today's global economy and appraises issues pertaining to economic reforms. The articles explore ways to improve the well-being of the poor, to design effective structures and institutions for poverty reduction and how the reforms, in their economic, political and social dimensions can be used to tackle global developmental issues.

Myth and Reality of FDI Flows: Indian and Chinese Integration with the Global Economy

Myth and reality of FDI flows: Indian and Chinese integration with the global economy
DollySunny

Introduction

Foreign Direct Investment (FDI) contributes directly and indirectly in development potential all over the globe. FDI is considered the best complement to domestic investment to bridge the gap between the investment needs of the country and its savings. FDI has long-term and substantial developmental impact on the country's economy.

The volume and pattern of FDI has been attracting a lot of attention in recent decades. The extent of growth of global FDI is clearly reflected by booms and declines in FDI flows. After the oil crisis of the 1970s FDI captured world-wide attention with a shortlived boom though it ...

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