000			01899nam a2200181 4500
999			_c27471 _d27471
020			_a9780367343415
082	0	0	_a338.954 _bFRA-I
100	1		_aFrancis, Smitha _eauthor.
245	1	0	_aIndustrial policy challenges for India : _bglobal value chains and free trade agreements / _cSmitha Francis.
260			_aNew York : _bRoutledge , _c2019
300			_axiv, 249 p.
504			_aIncludes bibliographical references.
520			_aThis book looks at the debates on global value chains (GVCs) and free trade agreements (FTAs) as springboards for industrial development in developing countries, especially India. It connects the outcomes in GVC-led industrial restructuring and upgrading to industrial policy choices in trade and foreign direct investment (FDI) liberalisation, in particular those through FTAs. With the share of manufacturing in GDP stagnant at around 15-16 per cent since the 1980s, India’s policymakers have pinned their hopes on greater integration into GVCs to revitalise the manufacturing sector. The multiple FTAs the country has signed over the last few years, specifically the ones with the Association of Southeast Asian Nations (ASEAN), South Korea, Malaysia and Japan, have been sought to be rationalised using the same argument. The book argues that failing to factor in the industrial policy causalities involved in sustainable indigenous technology development, structural barriers to the entry into GVCs, the assessments of the available evidence on the adverse impact of trade and FDI liberalisation as well as existing FTAs on firm-level incentives for undertaking domestic production, and the industrial policy constraints imposed by FTAs can prove costly for the trajectories of developing country economies, including India.
650		0	_aIndustrial policy _zIndia.
650		0	_aFree trade _zIndia.
700			_aFrancis, Smitha _eauthor
942			_2ddc _cBK