ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Minting Money for India

The 1980s was a period of currency shortage in South Asia. South Korea's moneymaking technology was key to countries like India, Bangladesh, Bhutan, and Pakistan, where "made-in-Korea" banknotes and coins were circulated. Further, South Korea's moneymaking technology was transferred to some countries like Bhutan to produce currency. Such export of currencies and technology transfer from South Korea to South Asia is significant in the sense that possessing and producing unique national currencies is closely linked to state legitimacy and power.

FDI in India

This article examines the pattern of foreign direct investment infl ows in India through three periods: (1) 1969-75, when the policy regime was "anti-FDI", (2) 1975-91, when promotion of FDI was "selective", and (3) after 1991, when the policy regime is "pro-FDI". It shows how the ideas and interests of different political groups have affected the institutional changes that have infl uenced FDI infl ows. It also suggests that competition between provincial states has positively contributed to the growth of FDI infl ows since the economic reforms of 1991.
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