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Media type:
E-Book
Title:
The Generating Excess Capacity in Indigenous Industries and the Situation for Offering Foreign Capital in the Underdeveloped and Developing Nations
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 10, 2023 erstellt
Description:
This study investigates the relationship between foreign direct investment (FDI), capital intensity, and economic development in underdeveloped countries (UDCs). Through a comprehensive analysis of the Indian economy, the research examines the impact of FDI on various industry sectors, considering the shift from labor-intensive to capital-intensive techniques and the opportunities provided by market access. The findings highlight the positive effects of FDI in diversifying production, enhancing technological capabilities, and promoting competitiveness in the global market. Moreover, the study emphasizes the importance of careful industry selection and security considerations in attracting FDI to replace outdated indigenous technology. The research contributes to the ongoing debate on the optimal path to economic growth for UDCs and underscores the significance of foreign collaborations and market integration in achieving sustainable development