There has been an impressive spurt in the outward foreign direct investment (FDI) activity of Indian Multinational Enterprises since the 1990s, says a recent working paper from UNU-MERIT. But despite the rhetoric, this growth has not been exceptional compared to other similarly developed countries, argues co-author Professor Rajneesh Narula. He recommends a policy emphasis on the manufacturing sector, and within that, promoting a shift from low-tech to higher technology. In answering the questions that follow, Rajneesh provides further details about his area of research and explains the significance of FDI in developing policy.
Welcome to our monthly internal press review, featuring the latest publications by UNU-MERIT and its School of Governance: from working papers to policy reports to entire books.
Our March output includes 10 working papers, four journal articles, two PhD theses, and two research reports for the European Commission and United Nations Development Programme. For innovation, topics range from the aerospace industry, to nanotechnology, to R&D patents and productivity. For governance, we look into urban sustainability, economic vulnerability, and communities of learning. Geographically, the focus spreads from Latin America, through Europe and the Arab world, via Singapore to China, drawing on real-world data from more than 160 countries.
In the first of a new series featuring illustrious alumni, we ask Dr. Lina Sonne to share her insights and impressions of the working world. Now based in Mumbai, she speaks of the city’s energy and optimism, as well as the challenges of breaking through years of patriarchy and bureaucracy.
It’s an exciting time to be living and working in India, not only to witness the massive social transformation but also to play a role in the whirlwind of top-down and bottom-up development. Change is now being spurred on several fronts, and academia is no exception. In particular, the setting up of new universities allows more students to follow tertiary education while improving home-grown research.