FDI in Multi-brand Retail Trade and the Safeguards

S Chalapati Rao K and Biswajit Dhar ()
Authors registered in the RePEc Author Service: K S Chalapati Rao

MPRA Paper from University Library of Munich, Germany

Abstract: After a long and winding process, India opened the retail trade to foreign direct investment (RFDI) albeit with some caveats. The process, however, suggests that the case of RFDI provides a classic example of large global corporations succeeding in influencing public policy of developing countries and putting the regulatory system to stupor with the backing of powerful home governments. Starting from the mid-2000s when it started seeking to expand its global operations, there have been repeated attempts by Walmart to meet important relevant functionaries in India. Once the policy makers were convinced either on their own or due to the intense and sustained lobbying from abroad, the process has been unidirectional. The process also suggests that the protection offered by the safeguards could be illusory.

Keywords: FDI; India; Retail Trade; Walmart (search for similar items in EconPapers)
JEL-codes: F21 F23 (search for similar items in EconPapers)
Date: 2013-02-27
New Economics Papers: this item is included in nep-int, nep-ipr and nep-pr~
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Published in Alternative Economic Survey 2012-13: Neo-liberal Economic Policies – ‘Gods’ that Failed, Alternative Survey Group, Indian Political Economy Association, Yuva Samvad Prakashan, Delhi (2013): pp. 123-130

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/47795/1/MPRA_paper_47795.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:47795

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().