India’s and China’s Economic Standing in Asia

2017 ◽  
Author(s):  
Frédéric Grare
Keyword(s):  
Head Start ◽  
Direct Investment ◽  
Political Influence ◽  
Primary Objective ◽  
Indian Policy ◽  
Policy Makers ◽  
Export Strategy ◽  
The Look ◽  
High Skill ◽  
Decisive Advantage

Although entwined with other motivations, the primary objective of the Look East Policy was and remains economic. Indian policy makers felt the need to bridge the gap caused by China’s twelve years year head start in liberalizing its economy or risk being marginalized in Asia. The two countries choose, however, radically different strategies:, China becoming became in the process a massive exporter of manufactured goods while India while India specializedspecialized in high-skill service exports, alongside manufactures but failing failed to expand the latter as much as expected. Foreign direct investment played a key role in the strategies of both countries, leading to substantial differences in export output. Because it was meant to develop an export strategy, FDI gave China a decisive advantage in the region. In India, FDI essentially targeted the domestic market and its contribution to manufactured product exports remained limited. China rapidly emerged as the pivot of the Asian export platform, a position that also enhanced its political influence across Asia.

Sharade Marathe. Regulation and Development: The Indian Policy Experience of Controls Over Industry. New Delhi: Sage Publications India Pvt. Ltd. 1986. 328 pp.Price: (Hardbound edition) Rupees (Indian) 195.00.

1987 ◽  
Vol 26 (2) ◽  
pp. 225-227
Author(s):  
Khwaja Sarmad
Keyword(s):  
Industrial Policy ◽  
Rapid Growth ◽  
Industrial Structure ◽  
Industrial Sector ◽  
Primary Objective ◽  
Indian Policy ◽  
New Delhi ◽  
The Past ◽  
Distinguished Career ◽  
Comprehensive Manner

This book documents in a comprehensive manner the 'twists and turns' in India's industrial policy and strongly suggests the need for a re-orientation of this policy to overcome the weaknesses in the industrial structure and to utilize the sources of its strength. The author has had a distinguished career in the Indian Economic Service and brings this experience to bear on his analysis of the evolution of industrial policy in India. In India, the primary objective of planned development has been the creation of a technologically mature society capable of sustaining a process of self-propelled growth without extreme concentration of wealth in a few hands. It is rightly pointed out in the book that this objective is possible only in the context of rapid growth, which is the ultimate test of industrial policy. The book traces the origins of India's industrial policy and analyses its evolution during the past thirty years, showing how there has been an increasing gap between the objectives of this policy and the performance of the industrial sector.

Financial Reporting Regulation and the Reporting of Pro Forma Earnings

2006 ◽  
Vol 20 (1) ◽  
pp. 39-55 ◽  
Author(s):  
Gary M. Entwistle ◽  
Glenn D. Feltham ◽  
Chima Mbagwu
Keyword(s):  
Financial Reporting ◽  
Primary Objective ◽  
Public Confidence ◽  
Strong Impact ◽  
Policy Makers ◽  
Generally Accepted Accounting Principles ◽  
Pro Forma Earnings ◽  
Sarbanes Oxley ◽  
Evidence For Policy ◽  
Pro Forma

A primary objective of the Sarbanes-Oxley Act is to bolster public confidence in the U.S. capital markets. The SEC aims to achieve this objective in part by regulating the use of alternate earnings measures (colloquially referred to as “pro forma” earnings) that differ from generally accepted accounting principles. This paper examines whether firms change their reporting practice in response to pro forma regulation. Specifically, it examines whether the use, calculation, and presentation of pro forma measures by S&P 500 companies changes between 2001 and 2003. We document three significant shifts in pro forma reporting in this period. First, the proportion of firms reporting pro forma earnings declines from 77 to 54 percent. Second, by 2003, pro forma is used in a less biased manner. Not only is the proportion of firms using pro forma earnings to increase reported income smaller than in 2001, but also the magnitudes of these increases are reduced. Third, in 2003, firms present pro formas in press releases in a much less prominent and less potentially misleading manner. These results suggest a strong impact of the recent regulation of pro forma reporting and provide important empirical evidence for policy makers.

Introduction

2017 ◽  
Author(s):  
Frédéric Grare
Keyword(s):  
Foreign Direct Investment ◽  
East Asia ◽  
Direct Investment ◽  
Fast Growing ◽  
Dynamic Economies ◽  
The Look ◽  
Initial Focus

Initially aimed at funding the reforms undertaken by the Rao government in the early 1990s, the Llook East Policy rapidly evolved into a comprehensive set of instruments to deal with a fast growing China. From an initial focus on developing trade and attracting foreign direct investment from the most dynamic economies in Asia, it soon became India’s instrument to assert itself in Asia through the institutionalisation of its relations with ASEAN members and ASEAN led institutions. The success of economic performances made it indispensable for India to develop its defence relationship with its new partners as a way the to control its sea lane of communications. They also led to an expansion of the Look East reach to East Asia.

scholarly journals Measuring fisheries performance using the “Goldilocks plot”

2018 ◽  
Vol 76 (1) ◽  
pp. 45-49 ◽  
Author(s):  
Ray Hilborn
Keyword(s):  
Primary Objective ◽  
Regional Level ◽  
Fishing Mortality ◽  
Policy Makers ◽  
The Public ◽  
Stock Status ◽  
Realistic Information ◽  
Rate Threshold ◽  
The Eu

Abstract Most reporting of stock status accumulated at a national or regional level gives statistics on what proportion of the stocks are below some abundance threshold or above some fishing mortality rate threshold. This approach does not convey useful information on the performance of the fisheries management system in maximizing long-term sustainable yield, which is the primary objective of most national and international fisheries legislation. In this paper, I present a graphical approach for representing how much yield is being lost as a consequence of current suboptimal abundance and fishing pressure. Using the EU stocks assessed by ICES as an example, I show how traditional criteria for overfished and overfishing fail to display realistic information about the performance of the fishery. This approach provides much more useful information for the public and policy makers.

scholarly journals DETERMINANTS OF ASSETS GROWTH OF FOREIGN OWNED BANKS IN INDONESIA

2020 ◽  
Vol 13 (2) ◽  
pp. 41-50
Author(s):  
Aswin Rivai ◽  
Rina Indiastuti
Keyword(s):  
Foreign Direct Investment ◽  
Interest Rate ◽  
Direct Investment ◽  
Bilateral Trade ◽  
Operating Experience ◽  
Local Environment ◽  
Least Square ◽  
Policy Makers ◽  
Foreign Countries ◽  
Long Time

The aim of this research is to assess the dominant factors enabling foreign owned banks to increase their assets in Indonesia and to confirm whether the “follow the customers hypothesis” is also applicable in motivating foreign owned banks to do business in Indonesia to support investment and trade activities of the companies originated from foreign countries. Using the panel data of 28 foreign owned commercial banks in Indonesia between 2006-2015 obtained from Indonesian Banking Directory, Indonesian Banking Statistics databases, foreign country central bank websites, a least square dummy variable (LSDV) regression model was applied to examine the effect of Bilateral Trade, Foreign Direct Investment (FDI), Interest Rate Differences, Domestic Deposits, Parent banks Return on Assets (ROA) and Length of Time presence of the foreign owned banks in Indonesia on Assets or Size of Foreign Owned Banks. The main findings is that the decisions by foreign owned banks to operate and to expand its business in Indonesia is predominantly affected by the increase in realization of projects funded by Foreign Direct Investment from counterpart countries, third parties fund or domestic deposit denominated in foreign currencies, profitability of the parent banks in home country and long time presence in Indonesia to enable parent bank and their branches or subsidiaries gain better operating experience, better general managerial expertise and better knowledge of local environment. Bilateral Trade and Interest Rate Differences between home and host country has no impacts at all on Assets of Foreign Owned Banks. “Follow the customer hypothesis” is applicable in Indonesia only in terms of FDIs but not applicable in terms of bilateral trade. The findings will help management of the banks in designing more reliable business plan and also used as input or tools for policy makers prior issuing the license for the newly open foreign owned banks offices or increase of its branch offices. It is suggested foreign owned banks to consider empowering its trade financing scheme which will increase the banks size or assets.

Wooing the new Chinese businesses: five short-term policies to attract direct investment

2016 ◽  
Vol 37 (5) ◽  
pp. 3-11 ◽  
Author(s):  
Bala Ramasamy ◽  
Matthew Yeung
Keyword(s):  
Direct Investment ◽  
International Investment ◽  
Business Environment ◽  
Decision Makers ◽  
Location Factors ◽  
Policy Makers ◽  
Content Type ◽  
Economic Relationships ◽  
Chinese Companies ◽  
The Usa

Purpose The purpose of this paper is to identify location factors that Chinese managers look for when making internationalization decisions and how the factors stack up in perceived importance. Over the past ten years, Chinese enterprises have become more multi-national in nature. China’s outward foreign direct investment (FDI) has been growing at a phenomenal rate. In 2012, China became the third largest investor, after the USA and Japan; and the largest investor among developing countries. How can host governments attract more of this Chinese capital? What are some short- to medium-term policies that host governments can initiate to make their respective nations attractive to Chinese companies? Design/methodology/approach The authors consider these questions by using a best-worst choice exercise among 114 senior corporate decision makers of Chinese companies who have or are planning to globalize. We rank 16 most common determinants that influence FDI location choice and evaluate their degree of importance. Findings The authors propose five “low hanging fruits” that policy makers should consider that could ensure their countries come within the radar of Chinese multi-nationals. These include promoting a clean and efficient business environment and strengthening/establishing political and economic relationships with China. Originality/value The originality of this study lies in the methodology of the study that forces respondents to make a trade-off in their decisions, which in a way is closer to reality. The respondents are also actual decision makers in their companies with regards to international investment decisions.

Regional and Sectoral Disparities in Inflow of FDI in India

2012 ◽  
pp. 149-162 ◽  
Author(s):  
Behrooz Shahmoradi
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Developing Country ◽  
Direct Investment ◽  
Steady Increase ◽  
Policy Makers ◽  
Fdi Inflows ◽  
Reform Period ◽  
Micro Level

During the last two decades, Foreign Direct Investment (FDI) has become increasingly important in the developing world, with a growing number of developing countries seeking in attracting substantial and rising amounts of inward FDI. Furthermore, FDI has become the most important source of finance that can contribute to economic development. Recognizing this, all the governments want to attract it. India as a developing country is not an exception in this regard therefore study the different aspects of FDI can be helpful for policy makers in macro as well as micro level. Since 1990, FDI has been considered as the most powerful driver of economic development. While India has seen a steady increase in FDI inflows in the post-reform period, therefore, this study tries to analyze the regional and sectoral disparities in Inflow of FDI in India since 1990. The analysis showed that there is a disparity between states in India and it also indicates a shift from primary and secondary sectors to tertiary sectors and pervasive computing areas.

Regional and Sectoral Disparities in Inflow of FDI in India

2010 ◽  
pp. 234-246
Author(s):  
Behrooz Shahmoradi
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Developing Country ◽  
Direct Investment ◽  
Steady Increase ◽  
Policy Makers ◽  
Fdi Inflows ◽  
Reform Period ◽  
Micro Level

During the last two decades, Foreign Direct Investment (FDI) has become increasingly important in the developing world, with a growing number of developing countries seeking in attracting substantial and rising amounts of inward FDI. Furthermore, FDI has become the most important source of finance that can contribute to economic development. Recognizing this, all the governments want to attract it. India as a developing country is not an exception in this regard therefore study the different aspects of FDI can be helpful for policy makers in macro as well as micro level. Since 1990, FDI has been considered as the most powerful driver of economic development. While India has seen a steady increase in FDI inflows in the post-reform period, therefore, this study tries to analyze the regional and sectoral disparities in Inflow of FDI in India since 1990. The analysis showed that there is a disparity between states in India and it also indicates a shift from primary and secondary sectors to tertiary sectors and pervasive computing areas.

A global New Deal

2021 ◽  
pp. 109-131
Author(s):  
Jens Steffek
Keyword(s):  
New Deal ◽  
Interwar Period ◽  
World Order ◽  
Political Influence ◽  
Policy Makers ◽  
Post War ◽  
United Nations System ◽  
Second World ◽  
The New Deal ◽  
Nations System

This chapter shows how technocratic internationalism survived the crisis of world order utopias in the 1940s and gained influence on the negotiation of the post-war order. The first section discusses the critique of modern rationalism in the war and post-war years. In the field of international thought, that critique came in the guise of a ‘realist’ backlash against the ‘idealism’ of the interwar period. The second section documents the enduring prominence of technocratic ideas during the Second World War. David Mitrany re-proposed his functional approach in his Working Peace System, a pamphlet that addressed policy-makers rather than academics. Regardless, this wartime version of Mitrany’s functionalism became the point of reference for subsequent generations of scholars. Technocratic thought gained political influence when American policy-makers projected the New Deal and its institutions onto the international plane in the founding of the United Nations system. The final section studies the co-existence of realist and technocratic figures of thought. Realist Hans J. Morgenthau came to advocate international cooperation in the field of low politics, but also multilateral control over nuclear technology. In doing so, he drew directly on Mitrany’s functionalism. E. H. Carr, the eminent British critic of utopianism, in the 1940s suggested a technocratic European planning authority and a bank of Europe to unite the continent.

scholarly journals Tourism and Development in Developing Economies: A Policy Implication Perspective

2020 ◽  
Vol 12 (4) ◽  
pp. 1618 ◽  
Author(s):  
Asif Khan ◽  
Sughra Bibi ◽  
Ardito Lorenzo ◽  
Jiaying Lyu ◽  
Zaheer Udden Babar
Keyword(s):  
Emerging Economies ◽  
Direct Investment ◽  
Developing Economies ◽  
Energy Development ◽  
Policy Makers ◽  
Design And Implementation ◽  
Long Run ◽  
Growth Energy ◽  
Agriculture Development

Tourism is considered a competent driver of development in emerging economies. This study assesses the role of tourism in shaping the fundamental pillars of development in developing economies by targeting the case of Pakistan. Various econometric techniques and approaches were used to investigate the causal relationships of tourism with economic growth, energy and agriculture development, and poverty. This study highlights the important role of tourism in the development of emerging economies. The findings of our study suggest that a 1% increase in tourism significantly enhances gross domestic product (GPD) by 0.051%, foreign direct investment by 2.647%, energy development by 0.134%, and agriculture development by 0.26%, and reduces poverty by 0.51% in the long run. Hence, policy-makers should be informed that through public interventions, tourism can advance development by the design and implementation of integrated policies in developing economies. In addition, policy consistency and coherence are essential for competitiveness, sustainability, and maximizing benefits from tourism.

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