Foreign Direct Investment (FDI) and Financial Integration

Investment in a country by individuals and organisations from other countries may take the form of direct investment (creation of productive facilities) or portfolio investment (acquisition of securities). Foreign direct investment (FDI) is the outcome of the mutual interests of multinational firms and host countries. The essence of FDI is the transmission to the host country of a package of capital, managerial skills, and technical knowledge. FDI is generally a form of long-term international capital movement, made for the purpose of productive activity and accompanied by the intention of managerial control or participation in the management of a foreign firm. This book attempts to explain and statistically examine the various dimensions of FDI with reference to India. It also includes chapters on portfolio investment, financial integration, international investment position (IIP) of South Asian countries, and international financial integration of high income European Union (EU) countries.

Dr. Abhijit Bhattacharya is currently Assistant Professor of Economics, Pingla Thana Mahavidyalaya, Paschim Medinipur, West Bengal. He holds M.A., M.Phil., and Ph.D. degrees in Economics. He successfully completed a research project on Global Financial Crisis funded by the University Grants Commission (UGC), New Delhi. He has contributed articles in journals and chapters in various books edited by eminent scholars. He has attended and presented papers at international and national level conferences and seminars.