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

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Some Aspects of Foreign Trade of India and China

India and China Ranjit Sau This essay began as an attempt to see how far the price differentials charged by various countries engaged in trade with India can be ascertained from the published data. The issue is important in view of the recent complaints about the alleged practice of overpricing.

Theories of Direct Private Foreign Investment and Multinational Behaviour

and Multinational Behaviour Sanjaya Lall This paper is intended to provide a summary and a synthesis of recent theories of foreign investment in the manufacturing sector and of explanations of the growth of multinational companies (MNCs). Since the field of foreign investment is heavily dominated by MNCs, a realistic explanation of one necessarily serves in great part as an explanation of the other. An attempt is made, wherever possible, to draw a distinction between "multinationals" proper, defined as the very large direct investors which have subsidiaries in several countries, and "other" foreign investors, smaller and less widespread.

Economic Relations between Socialist Countries and the Third World

and the Third World Deepak Nayyar In recent years, economic ties between the socialist countries and the Third World have become quite strong. Indeed, in the world of today, they represent an important part of the development strategy for several poor countries.

International Trade and Economic Activity in a Labour Surplus Economy

in a Labour Surplus Economy M K Rakshit Analysis of the effects of foreign trade on a labour surplus economy must run in terms of its impact on the food surplus available to the non-agricultural sector. The ultimate damage is done when 'grains' enter as an export item for supporting imports (that add nothing to the productive capacity of the food sector). However, so long as the surplus is there, activities in the non-agricultural sector are supported, though their forms change over time. Handicrafts are gradually replaced by the services: services for the repair of clocks, motor cars, or other durable consumer goods, hotel, bar and restaurant services, English medium schools and hands for playing English music then gradually come into being. The important point to note here is that deindustrialisation and commercialisation of agriculture are but manifestations of the same process.
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