In development literature Foreign Direct Investment (FDI) is traditionally considered to be instrumental for the economic growth of all countries, particularly the developing ones. It acts as a panacea for breaking out of the vicious circle of low savings/low income and facilitates the import of capital goods and advanced technical knowhow. This book delves into the complex interaction of FDI with diverse factors. While FDI affects the efficiency of domestic producers through technological diffusion and spill-over effects, it also impinges on the labor market, affecting unemployment levels, human capital formation, wages (and wage inequality) and poverty; furthermore, it has important implications for socio-economic issues such as child labor, agricultural disputes over Special Economic Zones (SEZ) and environmental pollution. The empirical evidence with regard to most of the effects of FDI is highly mixed and reflects the fact that there are a number of mechanisms involved that interact with each other to produce opposing results. The book highlights the theoretical underpinnings behind the inherent contradictions and shows that the final outcome depends on a number of country-specific factors such as the nature of non-traded goods, factor endowments, technological and institutional factors. Thus, though not exhaustive, the book integrates FDI within most of the existing economic systems in order to define its much-debated role in developing economies. A theoretical analysis of the different facets of FDI as proposed in the book is thus indispensable, especially for the formulation of appropriate policies for foreign capital.
This book provides insight into the diverse aspects of the informal sector, its role in the context of unemployment, child labor, globalization and environment, as well as its multi-faceted interaction with the other sectors of the economy.
Children in poor countries are subjected to exploitation characterized by low wages and long hours of work, as well as by unclean, unhygienic and unsafe working and living conditions, and, more importantly, by deprivation from education, all of which hampers their physical and mental development. Child labour is a complex issue, and clearly it has no simple solution. This book sheds some understanding of its root causes. The book attempts to delve into many of the important theoretical aspects of child labour and suggests policies that could indeed be useful in dealing with the problem under diverse situations using alternative multisector general equilibrium models.
India’s freedom fighters, whose indomitable spirit and selfless sacrifices paved the way for the nation’s independence, are honored with deep reverence and gratitude. From Netaji Shubhash Chandra Bose’s resistance to Bhagat Singh’s fiery patriotism, each hero’s legacy is a testament to the relentless pursuit of a free and democratic India. ‘FREEDOM’ is a tribute to the martyrs in India’s Independance in 1947.
This book provides insight into the diverse aspects of the informal sector, its role in the context of unemployment, child labor, globalization and environment, as well as its multi-faceted interaction with the other sectors of the economy.
Children in poor countries are subjected to exploitation characterized by low wages and long hours of work, as well as by unclean, unhygienic and unsafe working and living conditions, and, more importantly, by deprivation from education, all of which hampers their physical and mental development. Child labour is a complex issue, and clearly it has no simple solution. This book sheds some understanding of its root causes. The book attempts to delve into many of the important theoretical aspects of child labour and suggests policies that could indeed be useful in dealing with the problem under diverse situations using alternative multisector general equilibrium models.
In development literature Foreign Direct Investment (FDI) is traditionally considered to be instrumental for the economic growth of all countries, particularly the developing ones. It acts as a panacea for breaking out of the vicious circle of low savings/low income and facilitates the import of capital goods and advanced technical knowhow. This book delves into the complex interaction of FDI with diverse factors. While FDI affects the efficiency of domestic producers through technological diffusion and spill-over effects, it also impinges on the labor market, affecting unemployment levels, human capital formation, wages (and wage inequality) and poverty; furthermore, it has important implications for socio-economic issues such as child labor, agricultural disputes over Special Economic Zones (SEZ) and environmental pollution. The empirical evidence with regard to most of the effects of FDI is highly mixed and reflects the fact that there are a number of mechanisms involved that interact with each other to produce opposing results. The book highlights the theoretical underpinnings behind the inherent contradictions and shows that the final outcome depends on a number of country-specific factors such as the nature of non-traded goods, factor endowments, technological and institutional factors. Thus, though not exhaustive, the book integrates FDI within most of the existing economic systems in order to define its much-debated role in developing economies. A theoretical analysis of the different facets of FDI as proposed in the book is thus indispensable, especially for the formulation of appropriate policies for foreign capital.
The Papers In This Volume Seek To Focus Through Rigorous Mathematical Models On Some Important Aspects Of Rural Economy In The Late Developing Countries. The Emphasis Is On Filling In The Gaps In The Existing Theoretical Literature On Rural Markets In These Countries By Constructing Models, Which Are More Realistic And Free From The Disquieting Features Of The Existing Models In This Field. The Models In This Volume Have Been Built Around The Typical Environmental And Socio-Economic Conditions As Well As Behaviour Patterns In The Less Developed Countries E.G., Price Uncertainty In The Product Market, Production Uncertainty, Crop Insurance Scheme Of The Government, Delay In The Disbursement Of Formal Credit, Price And Credit Subsidy Policies Of The Government Etc. The Principal-Agent Framework And Game Theory Have Been Pressed Into Service Where Necessary. The Book Presents, Inter Alia, Two Models On Credit-Product Interlinkage, One Model On Interlinked Credit-Share Tenancy Contract, And Three Models On Interaction Between Formal And Informal Credit Markets. A New Theory Of Interest Rate Determination In The Informal Credit Market Has Also Been Provide, Which Can Explain The Prevalence Of High Interest Rate In That Market. The Effects Of Price And Credit Subsidy Policies On The Productivity Of Farmer S Land And Alternative Ways Of Formulating A Credit Subsidy Policy Have Been Studied. Finally, There Is An Empirical Analysis Of The Flow Of Formal Credit To Farmers Based On A Survey Of Two Selected Villages In West Bengal, India.
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