By Smith, Downinig et al
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This publication constitutes the refereed complaints of the ninth overseas Symposium on useful elements of Declarative Languages, PADL 2007, held in great, France, in January 2007, co-located with POPL 2007, the Symposium on ideas of Programming Languages. the nineteen revised complete papers awarded including invited papers have been conscientiously reviewed and chosen from fifty eight submissions.
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2001) combines both cost and market-access motives in the determination of multinational production and FDI. China’s large inflows of FDI may be explained by this factor due to geographical proximity (Gao, 2005) and the extended neighborhood approach, the factor which we have explained in Chapter 3. The surge in flows to South Asia was led mostly by a significant rise in FDI to India. India’s share of FDI flows to the region rose further to about 80 per cent in 2003 from 72 per cent a year earlier.
It is now not only the largest investor country in India, but also its trading partern. It appears that most of the FDI inflows to India came from the original neighborhood (USA, UK and Germany). Interestingly, Mauritius is the second largest source of FDI inflows to India in recent times. One possible explanation for the dominance of Mauritius is the double taxation treaty between the two countries, which favours routing of investment through this country. Perhaps the Indian policy makers responded positively to the role being played by overseas Indians (or persons of Indian origin in Mauritius).
This may not satisfy the MNCs which have other options. This problem may be solved with the help of higher-productivity workers. It requires appropriate skills and early investment in education FDI: Global Trends and Assessments 13 and human capital formation. In general the LAC countries have not invested enough in human capital to be able to compete in manufacturing industries that require more skilled labour. Some simple maquila industries in Mexico and Dominican Republic are losing ground in such areas as textiles to low-wage producers in Asia or Central America.