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1. The Role of Foreign Direct Investments in the Development of Brazil and India: A Comparative Analysis.

Author

Baer, Werner and Sirohi, Rahul A.

Subjects
*FOREIGN investments, *ECONOMIC development, *COMPARATIVE studies, *ECONOMIC policy
Abstract

In this paper we concentrate on FDI and argue that the contrasting FDI policies in Brazil and India can be traced back to differences in the respective colonial (or semi-colonial) experiences of the two nations during the 19th century. Our comparative analysis of FDI in Brazil and India shows the importance of historical and institutional awareness in gaining an understanding of the manner in which each society perceived the role of foreign investments in their societies. By doing this, we gain an understanding of the reasons these countries adopted different attitudes and policies towards foreign capital. [ABSTRACT FROM AUTHOR]

Published
2013
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2. Multivariate Granger causality between CO2 emissions, energy consumption, FDI (foreign direct investment) and GDP (gross domestic product): Evidence from a panel of BRIC (Brazil, Russian Federation, India, and China) countries

Author

Pao, Hsiao-Tien and Tsai, Chung-Ming

Subjects
*FOREIGN investments, *ENERGY consumption, *GROSS domestic product, *EMISSIONS (Air pollution), *ECONOMIC development, *ENVIRONMENTAL degradation, *HYPOTHESIS, *COINTEGRATION, *CONFERENCES & conventions
Abstract

Abstract: This paper addresses the impact of both economic growth and financial development on environmental degradation using a panel cointegration technique for the period between 1980 and 2007, except for Russia (1992–2007). In long-run equilibrium, CO2 emissions appear to be energy consumption elastic and FDI inelastic, and the results seem to support the Environmental Kuznets Curve (EKC) hypothesis. The causality results indicate that there exists strong bidirectional causality between emissions and FDI and unidirectional strong causality running from output to FDI. The evidence seems to support the pollution haven and both the halo and scale effects. Therefore, in attracting FDI, developing countries should strictly examine the qualifications for foreign investment or to promote environmental protection through the coordinated know-how and technological transfer with foreign companies to avoid environmental damage. Additionally, there exists strong output-emissions and output-energy consumption bidirectional causality, while there is unidirectional strong causality running from energy consumption to emissions. Overall, the method of managing both energy demand and FDI and increasing both investment in the energy supply and energy efficiency to reduce CO2 emissions and without compromising the country’s competitiveness can be adopted by energy-dependent BRIC countries. [ABSTRACT FROM AUTHOR]

Published
2011
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3. Is a BRIC alliance coming?: Driving-forces, Obstacles and Possible Influences.

Author

Ke Wang

Subjects
*INTERNATIONAL relations, *ECONOMIC development, *INTERNATIONAL cooperation
Abstract

The startling findings of Goldman Sachs'2003 report about the BRICs (Brazil, Russia, India and China), the continuous rapid economic growth of BRIC countries, and their much closer bilateral relationships have raised significant questions-Are the BRIC countries able to work together as an alliance? If a BRIC alliance could be created, what influences would it play regionally and internationally, and how will other big powers respond? Unfortunately, it is hard to get the answers to these questions from existing literatures because not only there have been few works that study the BRICs so far, but current studies on the BRICs are mainly made from an economic perspective. The analysis of potential political and strategic influences of the BRICs has been ignored or underdeveloped. Therefore, the purpose of this paper is, to certain extent, to fill this blank.In this paper, I first establish a theoretical framework of a modern alliance of states. Subsequently under this framework, I analyze the realistic possibility of establishing a BRIC alliance by surveying the increased bilateral relations that have been occurring between the BRIC countries, primarily since the turn of the century. Besides the driving-forces to the alliance creation and the potential gains that the BRIC countries can get by working together, the obstacles to their cooperation will be studies as well. Third, I briefly predict if a BRIC alliance could be created, what influences it would play on Asian politics and the Asia-Pacific relations, and what relevant possible responses from other powers to possible future directions of the BRIC alliance. ..PAT.-Unpublished Manuscript [ABSTRACT FROM AUTHOR]

Published
2007