Syllabus: General Studies Paper 3 Context: India’s dependence on china is here to stay. But the search for alternative value chains must continue. Introduction: The principal measure of cross-border investment activities on multinational enterprises (MNES) is foreign direct investment flows (FDI). The three key dimensions of technology policy trends in recent times are: The degree of fragmentation and the length of value chains, The geographical spread of value-adds, and The governance choices of MNES that determine the prevalence of arm’s -length trade versus FDI. Given the declining trend of global value chains and arm’s-length trade a successful firm may have a strong regional bias impacting the survival of globally competitive....Read More