Abstract
In the late 1970s and early 1980s, a debate arose over the growth of South-South relations, their driving forces and their potential impact on the developmental prospects of the involved countries. A key element in this debate was a relatively new phenomenon, the growth of Indian investments abroad or, as some saw it, the rise of ‘Indian Multinationals’ as well as firms from other developing countries.1 In the following years, however, the economic crisis in many developing countries — especially those in Africa and Latin America, but also including a relative decline in wealth accumulation of the oil-rich countries of the Middle East — resulted in a decline in South-South economic interaction, especially in trade. As a consequence of this decline, the academic debate on South-South relations also faded away.
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© 2009 Jørgen Dige Pedersen
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Pedersen, J.D. (2009). Is Indian FDI Developmental?. In: Rugraff, E., Sánchez-Ancochea, D., Sumner, A. (eds) Transnational Corporations and Development Policy. Rethinking International Development Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230228412_6
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DOI: https://doi.org/10.1057/9780230228412_6
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