Liberalizing Financial Services and Foreign Direct Investment

Author(s):  
Laura Páez
2016 ◽  
Vol 13 (3) ◽  
Author(s):  
Debabrata Sutradhar

In the contemporary globalised economy, service sector attracts the major share of Foreign Direct Investment (FDI) in the world. India being a part of this phenomenon also attracts most of its FDI in the service sector. The present paper highlights the trend in FDI movement in the world in general and India in particular. Further, it reviews the FDI policy in India in the post liberalized period. The growth of FDI in services sector may be attributed to the changing pattern of global FDI and also the liberalization and globalization policies pursued by India. Since 2000, the high inflow of FDI has resulted in the growth of new services viz., financial and non-financial services, telecommunication, computer software and hardware, hotel and tourism, construction activities and real estate. The growth of services sector had led to the growth of export of services from India which now accounts the majority of export from the country.Keywords: FDI, Services sector, Export, Liberalization.


2014 ◽  
Vol 13 (4) ◽  
pp. 1
Author(s):  
Debabrata Sutradhar

In the contemporary globalised economy, service sector attracts the major share of Foreign Direct Investment (FDI) in the world. India being a part of this phenomenon also attracts most of its FDI in the service sector. The present paper highlights the trend in FDI movement in the world in general and India in particular. Further, it reviews the FDI policy in India in the post liberalized period. The growth of FDI in services sector may be attributed to the changing pattern of global FDI and also the liberalization and globalization policies pursued by India. Since 2000, the high inflow of FDI has resulted in the growth of new services viz., financial and non-financial services, telecommunication, computer software and hardware, hotel and tourism, construction activities and real estate. The growth of services sector had led to the growth of export of services from India which now accounts the majority of export from the country.Keywords: FDI, Services sector, Export, Liberalization.


2014 ◽  
Vol 22 (2) ◽  
pp. 118-138 ◽  
Author(s):  
Stephen Young ◽  
Duncan Ross ◽  
Brad MacKay

Purpose – The purpose of this paper is to undertake an analysis of the implications of potential Scottish independence for inward foreign direct investment (FDI), multinational enterprise strategies and the local economy. Design/methodology/approach – This paper takes a multidisciplinary approach drawing on literature and evidence in the international business and management, political economy and economic geography fields to analyse the role and impact of inward FDI in Scotland following possible Scottish independence. Findings – Scotland continues as an attractive location for FDI, with greater diversity than hitherto. While the country’s comparative advantages in immobile natural resources provide some protection from uncertainty, weak embeddedness is a risk factor irrespective of independence. A range of transition costs of independence are identified, which could be high and of indeterminate duration, and some will be sector-specific. There are also new possibilities for tailoring of policies and potential reindustrialization opportunities in renewable technologies. The foreign investors most vulnerable to political risks and uncertainties are those whose market scope is the rest of the UK (rUK) either as exporters or value-chain integrators, in addition to the high political risk industries of energy, banking and financial services and defence. Scottish subsidiaries’ significance within their parent MNE groups will also be a major factor in determining responses to political risks and uncertainties. Originality/value – Specific focus on the impact of potential independence on the foreign-owned sector as a major contributor to the Scottish economy.


2020 ◽  
Vol 39 (1) ◽  
pp. 61-74
Author(s):  
Frank Barry ◽  
Xiaolu Sun ◽  
Benn F. Hogan

AbstractA ‘hard Brexit’ would be particularly damaging to the Irish beef and dairy sectors. The UK also exports substantial amounts of these products to the EU however and the vacuum that restrictions on UK access to the EU market would create affords opportunities for Irish-based producers. The aim of the paper is to assess how these opportunities might be best exploited. The results of a revealed comparative advantage (RCA) analysis conducted using international trade data do not prove encouraging. RCA analysis however implicitly treats the stock of foreign direct investment (FDI) as given. Newspaper reports are drawn upon to detail the extent of precautionary ‘tariff jumping’ FDI already undertaken by Irish agri-businesses. These flows thus far have been almost entirely one-way. Flows in international financial services have been in the opposite direction. These asymmetries suggest that targeted efforts by Ireland's industrial development agencies may be able to offset some of the damaging consequences of a hard Brexit.


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