India's Reform of External Sector Policies and Future Multilateral Trade Negotiations

Arbeitspapier

I evaluate India's transition from an inward-oriented development strategy to greater participation in the world economy. While tariff rates have decreased significantly over the past decade, India is still one of the more autarkic countries. Despite improvement over the past in export performance, India continues to lag behind its South- and East Asian neighbors. Second, official debt flows have been largely replaced by foreign direct investment (FDI) and portfolio investment in the 1990s. India's ability to attract FDI would be greatly enhanced by further reforms. I argue that India's participation in a future round of multilateral trade negotiations would benefit India. I outline the further reforms most needed: reform of labour and bankruptcy laws, real privatization, and fiscal consolidation. These involve taking on entrenched vested interests, including political parties and governments in states. Enacting them requires political courage and risk taking which in India, as in most societies, are rare.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Center Discussion Paper ; No. 830

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Trade Policy; International Trade Organizations ; Empirical Studies of Trade ; Economic Integration ; International Investment; Long-term Capital Movements ; Foreign Aid ; National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock ; Labor Law ; Intellectual Property and Intellectual Capital ; Technological Change: Government Policy ; Economywide Country Studies: Asia including Middle East ; Capitalist Systems: Planning, Coordination, and Reform
• Thema: India ; Antidumping ; Developing Countries ; Economic Reform ; Export Performance ; Foreign Direct Investment ; Intellectual Property Rights ; Multilateral Trade Negotiations ; Quantitative Restrictions ; Real Exchange Rate ; Tariff and Non-tariff Barriers ; World Trade Organization ; Handelsliberalisierung ; Außenwirtschaftspolitik ; Internationale Handelspolitik ; Internationale Wirtschaftsbeziehungen ; Indien

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Srinivasan, T.N.
• Ereignis: Veröffentlichung
• (wer): Yale University, Economic Growth Center
• (wo): New Haven, CT
• (wann): 2001

Weitere Informationen

• Handle: http://hdl.handle.net/10419/98322
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ