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This book offers an in-depth and systematic analysis of foreign direct investment (FDI) policies and flows by country and for South Asia as a whole. It presents a comprehensive analysis on future reforms and challenges of attracting more FDI.

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During the 1990s, the governments of South Asian countries acted as ´facilitators´ to attract FDI. As a result, the inflow of FDI increased. However, to become an attractive FDI destination as China, Singapore, or Brazil, South Asia has to improve the local conditions of doing business. This book, based on research that blends theory, empirical evidence, and policy, asks and attempts to answer a few core questions relevant to FDI policy in South Asian countries: Which major reforms have succeeded? What are the factors that influence FDI inflows? What has been the impact of FDI on macroeconomic performance? Which policy priorities/reforms needed to boost FDI are pending? These questions and answers should interest policy makers, academics, and all those interested in FDI in the South Asian region and in India, Pakistan, Bangladesh, Sri Lanka and Pakistan.

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"The volume represents a novel attempt to capture the FDI policy environment in South Asia instead of the run of the mill individual country based treatment of the issue. It is based on rigorous empirical research and draws out some very relevant policy recommendations."

- Rajiv Kumar, Senior Fellow, Center of Policy Research and Ex-Secretary-General, FICCI.

"This book explores comprehensively the macroeconomic determinants and impacts of FDI on South Asia countries. It is a required reading for those interested in this important issue and in designing suitable policy recommendations"

- Pravin Krishna, Chung Ju Yung Distinguished Professor of International Economics and Business, John Hopkins, DC, USA

"This timely book provides a comprehensive analysis of the determinants of FDI flows to India, a country that continues to lag its competitors in this area, and provides sensible policy prescriptions."

- Jayant Menon, Lead Economist, Asian Development Bank

"The book provides very comprehensive empirical studies of the FDI regimes prevailed in the continent with some comparative analysis on other emerging countries, especially China, and addresses some challenging policy issues..."

- Choong Yong Ahn, Distinguished Professor, Chung-Ang University, Seoul, South Korea.

"... while carrying out the empirical analyses, they have used appropriate advanced estimation techniques..."
Kaliappa Kalirajan, Crawford School of Public Policy, ANU, Canberra and Adjunct Professor, Madras School of Economics, Chennai, India.

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