We wish to thank Fred Gottheil and James Pinkstaff for many useful suggestions.
The Role of Foreign Direct Investments in the Development of Brazil and India: A Comparative Analysis
Article first published online: 7 JAN 2013
© 2013 Blackwell Publishing Ltd
Volume 66, Issue 1, pages 46–62, February 2013
How to Cite
Baer, W. and Sirohi, R. A. (2013), The Role of Foreign Direct Investments in the Development of Brazil and India: A Comparative Analysis. Kyklos, 66: 46–62. doi: 10.1111/kykl.12010
- Issue published online: 7 JAN 2013
- Article first published online: 7 JAN 2013
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.