The recent interest in the development processes of BRIC countries (Brazil, Russia, India and China) has been triggered by their high growth performance, but their political and social backgrounds are entirely different. This book traces the economic history of BRIC countries to understand their...

In this paper we have looked at the structure of competition in the Indian corporate sector during 1989 - 2003 and found that the new industrial policy has not been able to foster greater competitiveness in organized industries. In spite of an increase of in the number of firms, the industry...

Incentive offers along with performance requirements are a notable feature of the Foreign Direct Investment (FDI) policies of South Asian countries after they opened up to trade and investment in the 1990s. Since FDI operates in an imperfect market environment, a government policy that tries to...

This paper develops a model of trade, with monopolistic competition, between a raw material rich less developed country (LDC) and a technically advanced developed country (DC). It turns out that while many of the neoclassical conclusions regarding the effects of technical progress and tariffs on...