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Regional Economic Integration, Foreign Direct Investment and Efficiency-Seeking Industrial Restructuring in Asia : The Case of India

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  • Nagesh Kumar

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Abstract

This paper examines the Indias RTAs policy in Asia and the emerging patterns of efficiency-seeking industrial restructuring unleashed by it. Section 2 provides a discussion of the analytical relationship between RTAs, patterns of trade, FDI resulting from the industrial restructuring. It also summarizes some examples of industrial restructuring of the type the EUs Single Market Plan has led to. Section 3 summarizes the Indias RTA policy in Asia and indicators of its growing economic integration with East Asian countries. Section 4 highlights the emerging patterns of industrial restructuring resulting from Indias RTAs policy. Section 5 concludes the paper with a few remarks on the importance of a broader framework for regional economic integration.

Suggested Citation

  • Nagesh Kumar, 2007. "Regional Economic Integration, Foreign Direct Investment and Efficiency-Seeking Industrial Restructuring in Asia : The Case of India," Macroeconomics Working Papers 22110, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:macroe:22110
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    1. M. Ayhan Kose & Guy M. Meredith & Christopher M. Towe, 2005. "How Has NAFTA Affected the Mexican Economy? Review and Evidence," Springer Books, in: Rolf J. Langhammer & Lúcio Vinhas Souza (ed.), Monetary Policy and Macroeconomic Stabilization in Latin America, pages 35-81, Springer.
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    Cited by:

    1. Ram Upendra Das, 2011. "Regional Trade-FDI-Poverty Alleviation Linkages – Some Analytical and Empirical Explorations," Chapters, in: Ulrich Volz (ed.), Regional Integration, Economic Development and Global Governance, chapter 7, Edward Elgar Publishing.
    2. Ila Patnaik & Ajay Shah, 2009. "The difficulties of the Chinese and Indian exchange rate regimes," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 6(1), pages 157-173, June.
    3. Mia Mikic & Mochamad Pasha (ed.), 2011. "Fighting Irrelevance: The Role of Regional Trade Agreements in International Production Networks in Asia," STUDIES IN TRADE AND INVESTMENT, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), number tipub2597, April.
    4. Nagesh KUMAR, 2008. "Internationalization of Indian Enterprises: Patterns, Strategies, Ownership Advantages, and Implications," Asian Economic Policy Review, Japan Center for Economic Research, vol. 3(2), pages 242-261, December.
    5. Nagesh Kumar, 2007. "Investment Provisions in Regional Trading Arrangements in Asia: Relevance, Emerging Trends, and Policy Implications," Working Papers 4607, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    6. THORBECKE, Willem & Nimesh SALIKE, 2013. "Foreign Direct Investment in East Asia," Policy Discussion Papers 13003, Research Institute of Economy, Trade and Industry (RIETI).
    7. Biswajit Nag & Biswa Nath Bhattacharyay & Debdeep De, 2015. "Integrating India with Asian Production Networks: Prospects and Challenges," CESifo Working Paper Series 5616, CESifo.
    8. Rajan Sudesh Ratna & Murali Kallummal, 2013. "ASEAN–India Free Trade Agreement (FTA) and its Impact on India," Foreign Trade Review, , vol. 48(4), pages 481-497, November.

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    More about this item

    Keywords

    FDI; RTA; industrial restructuring; economic integration;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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