CAS EC 102 Lecture Notes - Lecture 14: Non-Resident Indian And Person Of Indian Origin, Import Substitution Industrialization, Financial Services
13 Mar 2018
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5 articles need to know for midterm 1: Skeptics charge that globalism especially hurts poor worker in the developing countries. Poor countries have less to lose and more to gain than rich countries. Combination of trade and domestic improvements truly helps poor countries. China - foreign direct investment; india - homegrown entrepreneurs. China has a large and wealthy diaspora that has long been eager to help mainland china and to send money; india"s diaspora resented for its success and much less willing to invest back home. About half of china"s fdi comes from its diaspore which heavily invested into manufacturing; the indian diaspora has distinguished itself in knowledge based industries such as it and consulting. With the help of its increasingly returning diaspora, india could become the world"s technology lab. Decent legal system that protects private ownership. Bureaucrats controlling capital allocation and stock market listings.
