The book addresses senior policy makers interested in understanding and debating key issues currently faced by the better performing emerging markets throughout the world. Papers in the volume address international capital flows, financial markets, globalization, and private participation in infrastructure development.

The papers included in this book were among those discussed at the Emerging Markets Forum meeting in Jakarta, Indonesia in September 2007. The underlying premise of the book is that growth and development in emerging market economies is now heavily dependent on: international private capital flows; development of financial markets; the countries ability to integrate successfully with the global economy through trade and investment; and their ability to forge public private partnership, including, in infrastructure development. A particular emphasis is on contrasting and comparing experiences in Asia and Latin America.

Outward Foreign Direct Investment from India
Outward foreign direct investment from India

The world today is characterized by an increasing integration of economies and markets, with every nation seeking to benefit from the process of globalization. This is true even at the micro level where individual firms are rapidly expanding beyond domestic markets in an effort to participate in profitable growth opportunities in international markets. Globalization has led to the liberalization of trade and investment regimes. There has been an increase in competition from foreign firms through imports, inward FDI, non-equity forms of participation and various other means. Companies can no longer restrict themselves to the domestic market as a relatively secure source of profits. Competing at the global level requires firms to expand beyond domestic ...

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