FDI QUOTES

Global economic events of the past decade or so, particularly those driven by technological advances, regional integration and the realignment of economic systems and policies, have altered fundamentally the perception of the governments of the host countries of how Foreign Direct Investment (FDI) can contribute towards their economic and social goals (Dunning, 1994). data available on intraregional investment flows suggest that the SAARC member countries by and large are not important destinations or sources for foreign direct investment (FDI). 3 Intraregional trade and investment has failed to take off despite rapid economic growth in several of the SAARC member countries over the past decade. Unilateral trade and investment liberalization undertaken by SAARC members in recent years (representing a marked shift from an earlier protectionist orientation), and, significantly, the emergence of an important regional and global player India within the region, which could provide the much-needed impetus to regional integration efforts.