Publisher's Synopsis
Transnational Corporations in a Developing Country is a study of Indian policies towards Transnational Corporations since the late 1960s. The policies are conceived of as instruments aimed at minimizing detrimental effects and costs and maximizing the beneficial effects of Transnational Corporation operations. A review of the most important acts and rules is followed by an investigation of the administration and implementation of these policies. Particular attention is given to the implementation of the Foreign Exchange Regulation Act and the functioning of the industrial approval system. Discrepancies between the stated objectives and those actually pursued are revealed.
A comparison is made of the influence of the regulating framework before and after 1974 -- on the activities of the Transnational Corporations and the consequent influence of India′s economic development. The specific areas chosen for closer scrutiny are the effects of the regulations on: } the balance of payments } the transfer of capital and technology } the allocation of resources and the diversification of Transnational Corporation activities.
