The economic basis of globalization lies in multilateralism. The intended impact of globalization is global allocative efficiency because Foreign Direct Investment (FDI) spearheads the dispersal of capital across the globe. So, it can be said about FDI that multilateralism implies importing...

After the crisis in 1991, the Indian government introduced some changes in its Policy on trade, foreign Investment, Tariffs and Taxes under the name of New Economic Reforms. The main focus of these reforms has been on Liberalization, openness and export promotion activity. The paper is focused...