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Why are some states in India able to facilitate foreign capital inflows better while others are not? This book addresses the socio-political factors such as ideas and interests of political actors, which produce the different levels of foreign direct investment (FDI) in states of India. It studies the causal role of disparate state-society relations in the evolution of institutions facilitating and regulating FDI inflows in the states through a comparative case study on the manufacturing industries of Tamil Nadu and Odisha.
Addresses the socio-political factors such as ideas and interests of political actors, which produce the different levels of foreign direct investment (FDI) in states of India.
Pinto develops a partisan theory of foreign direct investment (FDI) arguing that left-wing governments choose policies that allow easier entry by foreign investors more than right-wing governments, and that foreign investors prefer to invest in countries governed by the left. To reach this determination, the book derives the conditions under which investment flows should be expected to affect the relative demand for the services supplied by economic actors in host countries. Based on these expected distributive consequences, a political economy model of the regulation of FDI and changes in investment performance within countries and over time is developed. The theory is tested using both cross-national statistical analysis and two case studies exploring the development of the foreign investment regimes and their performance over the past century in Argentina and South Korea.
A comparative and historical analysis of foreign direct investment liberalization in China and India, explaining how the return of these countries' diasporas affects such liberalization.
In this book, Das deploys class theory to decipher India’s economic and political situation. It deals with the specificities of India’s capitalism and neoliberalism, and their economic consequences. It critically examines lower-class struggles led by the Left, and the fascistic politics of the Right.
The Council on Foreign Relations (CFR) and Aspen Institute India (Aii) have cosponsored a U.S.-India Joint Study Group to identify the shared national interests that motivate the United States and India. The group is releasing its conclusions from meetings held in New Delhi, and Washington, DC. It recommends* The United States express strong support for India''s peaceful rise as a crucial component of Asian security and stability.* The United States and India endorse a residual U.S. military presence over the long term in Afghanistan beyond 2014, if such a presence is acceptable to the government of Afghanistan.* The two countries resume regular meetings among the so-called Quad states (the United States, India, Japan, and Australia), and should periodically invite participation from other like-minded Asian nations such as South Korea, Indonesia, Singapore, and Malaysia. Representatives of the Quad states have not met since 2007.The group comprised business, policy, and thought leaders from the United States and India, and was co-chaired by Robert D. Blackwill, Henry A. Kissinger senior fellow for U.S. foreign policy, and Naresh Chandra, chairman of National Security Advisory Board.Other members are:Graham T. Allison - Harvard Kennedy SchoolK. S. Bajpai - Delhi Policy GroupSanjaya Baru - Business Standard, IndiaDennis C. Blair Former Director of National IntelligencePramit Pal Chaudhuri - Hindustan TimesP. S. Das Former commander-in-chief, Eastern Naval Command, Indian NavyTarun Das - Aspen Institute IndiaJamshyd N. Godrej - Godrej & Boyce Manufacturing Company Ltd.Richard N. Haass - CFR, ex officioStephen J. Hadley - United States Institute of PeaceBrajesh Mishra - Observer Research FoundationC. Raja Mohan - Centre for Policy Research, New DelhiJohn D. Podesta - Center for American ProgressAshley J. Tellis - Carnegie Endowment for International PeacePhilip D. Zelikow - University of VirginiaThe following are select policy recommendations from the report, The United States and India: A Shared Strategic Future.On Pakistan:* Hold classified exchanges on multiple Pakistan contingencies, including the collapse of the Pakistan state and the specter of the Pakistan military losing control of its nuclear arsenal.* The United States should heavily condition all military aid to Pakistan on sustained concrete antiterrorist measures by the Pakistan military against groups targeting India and the United States, including in Afghanistan.* The United States should continue to provide technical assistance to Pakistan to protect its nuclear arsenal, and to prevent the transfer of this technology to third parties.* India should continue its bilateral negotiations with Pakistan on all outstanding issues, including the question of Kashmir. India should attempt to initiate quiet bilateral discussions with Pakistan on Afghanistan as well as trilateral discussions with Afghanistan.On Afghanistan:* India, with U.S. support, should continue to intensify its links with the Afghanistan government in the economic, diplomatic, and security domains.* The United States and India should determine whether large-scale Indian training of Afghanistan security forces, either in Afghanistan or in India, would be beneficial.On China and Asia:* The United States and India should jointly and individually enlist China''s cooperation on matters of global and regional concern. Neither India nor the United States desire confrontation with China, or to forge a coalition for China''s containment.* Given worrisome and heavy-handed Chinese actions since 2007, the United States and India should regularly brief each other on their assessments of China and intensify their consultations on Asian security.On the Middle East:* The United States and India should collaborate on a multiyear, multifaceted initiative to support and cement other democratic transitions in the Middle East-with Arab interest and agreement.* India should intensify discussions with Iran concerning the stability of Iraq and Afghanistan.On economic cooperation, the United States and India should:* Enhance the Strategic Dialogue co-chaired by the U.S. secretary of state and Indian minister of external affairs to include economics and trade.* Begin discussions on a free trade agreement, but recognize that it may not be politically possible in the United States to conclude negotiations in the near term.On climate change and energy technology, the collaboration should:* Include regular, cabinet-level meetings focused on bridging disagreements and identifying creative areas for collaboration.* Conduct a joint feasibility study on a cooperative program to develop space-based solar power with a goal of fielding a commercially viable capability within two decades.On defense cooperation, the United States should:* Train and provide expertise to the Indian military in areas such as space and cyberspace operations where India''s defense establishment is currently weak, but its civil and private sector has strengths.* The United States should help strengthen India''s indigenous defense industry. The United States should treat India as equivalent to a U.S. ally for purposes of defense technology disclosure and export controls of defense and dual-use goods, even though India does not seek an actual alliance relationship.This Joint Study Group, cosponsored by the Council on Foreign Relations and Aspen Institute India, was convened to assess issues of current and critical importance to the U.S.-India relationship and to provide policymakers in both countries with concrete judgments and recommendations. Diverse in backgrounds and perspectives, Joint Study Group members aimed to reach a meaningful consensus on policy through private and nonpartisan deliberations. Once launched, this Joint Study Group was independent of both sponsoring institutions and its members are solely responsible for the content of the report. Members'' affiliations are listed for identification purposes only and do not imply institutional endorsement.
In Stages of Capital, Ritu Birla brings research on nonwestern capitalisms into conversation with postcolonial studies to illuminate the historical roots of India’s market society. Between 1870 and 1930, the British regime in India implemented a barrage of commercial and contract laws directed at the “free” circulation of capital, including measures regulating companies, income tax, charitable gifting, and pension funds, and procedures distinguishing gambling from speculation and futures trading. Birla argues that this understudied legal infrastructure institutionalized a new object of sovereign management, the market, and along with it, a colonial concept of the public. In jurisprudence, case law, and statutes, colonial market governance enforced an abstract vision of modern society as a public of exchanging, contracting actors free from the anachronistic constraints of indigenous culture. Birla reveals how the categories of public and private infiltrated colonial commercial law, establishing distinct worlds for economic and cultural practice. This bifurcation was especially apparent in legal dilemmas concerning indigenous or “vernacular” capitalists, crucial engines of credit and production that operated through networks of extended kinship. Focusing on the story of the Marwaris, a powerful business group renowned as a key sector of India’s capitalist class, Birla demonstrates how colonial law governed vernacular capitalists as rarefied cultural actors, so rendering them illegitimate as economic agents. Birla’s innovative attention to the negotiations between vernacular and colonial systems of valuation illustrates how kinship-based commercial groups asserted their legitimacy by challenging and inhabiting the public/private mapping. Highlighting the cultural politics of market governance, Stages of Capital is an unprecedented history of colonial commercial law, its legal fictions, and the formation of the modern economic subject in India.
This Review assesses Ukraine’s investment climate vis-à-vis the country’s energy sector reforms and discusses challenges and opportunities in this context. Capitalising on the OECD Policy Framework for Investment and other relevant instruments and guidance, the Review takes a broad approach to investment climate challenges facing Ukraine’s energy sector.