The rapid increase in economic inequality in India and China, in a period of surging aggregate growth and their increasingly critical influence in shaping the global political economy, is a crucial yet unusual example of the ‘Politics in Hard Times'. It demonstrates that national economic...

China’s remarkable growth in recent years has been often rather arbitrarily ascribed to a number of politico-economic factors. In this volume, the specific effect of foreign direct investment (FDI) inflows is measured quantitatively and estimated on a regional basis. The authors find that...

The paper investigates the relationship between foreign direct investment and economic growth. A model of endogenous growth first highlights the transfer of foreign technology as a key determinant of economic growth, and suggests that economic growth may conversely influence the inflows of...