This paper is a pioneering attempt in estimating the impact of three major components of liberalisation on labour productivity and wage inequality in the Indian manufacturing sector, namely FDI, trade and technological progress. The study has shown that these components have led to an...

The paper undertakes analyses at three levels and the results arrived at different levels indicate that trade liberalization has had a favourable effect on FDI flows in India. It is also found that the regions having greater extent of international trade are able to attract greater amount of...

India and China are two Asian emerging economies with the unprecedented growth. In the context of slowdown in North since 2008, many have argued that the emerging economies can be drivers of growth of South. However, not much empirical evidence is available to support this argument. This article...

This paper compares alternative ways of measuring participation of a country in Global Value Chains (GVCs) and estimates distribution of gains among countries in terms of countries’ shares in total value-added created by trade under GVCs. Using the OECD-WTO database on Trade in Value Added,...

Abstract: Indian manufacturing sector witnessed an unprecedented growth in the decade of 2000. Not only did the average annual growth touch 8%, there was a stupendous rise in growth of real exports and real imports of manufactures in this decade. This is also the decade when the average annual...

This book offers insights into the process of economic reform in developing countries. It is organized around three factors that are critical to the success of any reform. According to Nobel Laureate Amartya Sen, these key dimensions are Reach, Range, and Reason. ‘Reach’ refers to...

Services sector has emerged as the largest and fastest-growing sector in the world economy in the last two decades, providing more than 60 per cent of global output and, in many countries, an even larger share of employment. Not only has the services sector grown in terms of its share in global...

Book Review of Williams, John C, Competitive Business Strategies of Asian Transnational Corporations, Monograph NO.7, United Nations, New York, 1997, pp. vi +88, price not stated