ECON 164:Indian Economy

Q6. B) D) E) Answer all parts below: Why might exposure to foreign trade hurt the economic development of poor countries? Clearly explain using the relevant historical facts and model Why might exposure to foreign trade be helpful to the economic development of poor countries? Define the terms FDI and Fll. Clearly explain the difference between the two concepts From the perspective of a developing country, why may FDI be preferable to Fll Why was India opposed to FDI in the 60s and 70s? Why did policy makers reverse this stance and start welcoming FDI in the 80s and 90s? Provide an example of FDI in India by a foreign firm that validated this policy reversal