Largely concerned with the Indian context, Ray (U. of New South Wales, Australia) analyzes the impact of foreign direct investment (FDI) on development, specifically focusing on the interchange
between FDI, indigenous capital and industries, industrial policy, and institutions and analyzing the competition strategies of trans-national corporations and domestic Indian industries. He
provides case studies of the telecommunications, consumer electronics, and pharmaceutical industries. He also presents quantitative analysis of the structure of vertical inter-firm linkages,
the creation and appropriation of intellectual property in transnational corporations, and related issues. Annotation ©2006 Book News, Inc., Portland, OR (booknews.com)
