ABSTRACT
In an era of globalization, trade in goods and cross-border services and capital flows play a key role in determining the economic growth path of countries. Over the last two decades, countries have embarked on several alternate tracks to liberalize and deepen their linkage with the world economy. The growing trade-investment nexus and the emerging developments lead to deeper international production networks, rise in cross-border trade in services and in regional trade agreements and so on.
The debate of whether it is possible to empirically validate the potential benefits of this deepening trade-investment linkage is ongoing. The evidence in literature is, however, ambiguous. This book contributes to the literature by looking at Asian economies and at the EU, Maghreb countries and Pacific Island economics. It examines the issues under four broad areas, namely: (1) trade: theoretical and policy issues, (2) factor flows: impact on trade and welfare, (3) impact of trade and factor flows on environment and (4) institutions, international trade and policy issues.
TABLE OF CONTENTS
chapter 1|21 pages
Editors' introduction
part I|135 pages
Trade
chapter 3|27 pages
Emerging production network between India and ASEAN
part II|88 pages
Foreign capital flows
chapter 9|14 pages
Does foreign direct investment form human capital?
chapter 11|18 pages
Effect of foreign capital inflows on the Indian manufacturing sector
chapter 12|21 pages
The impact of financial integration and external shocks on economic growth
part III|54 pages
Trade–fiscal policy interface and environmental implications
chapter 15|19 pages
Impact of carbon-based border tax adjustment on trade
chapter 16|19 pages
How CO2 emissions are influenced by scale, composition and technique effects
part IV|75 pages
Institutions, international trade and policy issues