Post COVID-19 Growth Vaccine: Will Investment - Driven Surge in International Trade be a Game-Changer

Authors

  • Avik Ghosh Manager, Reserve Bank of India, Kolkata
  • Suman Sourav Manager, Reserve Bank of India, Kolkata

DOI:

https://doi.org/10.33516/maj.v56i4.28-31p

Keywords:

No Keywords.

Abstract

The structural positivity in the economy is a must to deliver growth in the long run. The increase in the volume of international trade can be a game-changer to contribute immensely to the overall growth-orientation. It not only helps to develop a higher degree of trade interconnectedness amongst countries, but it also accelerates demand-driven consumption resulting in a positive contagion effect in the economy as a whole. The trend analysis for a significantly long time series reflects the structural dependency of FDI and international trade. Hence, the prospective growth ecosystem post- COVID-19 pandemic, driven by rejuvenated international trade, has to be significantly influenced by cross-country capital linkage resulting in FDI as a deciding growth-driver.

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Published

2021-04-30

How to Cite

Ghosh, A., & Sourav, S. (2021). Post COVID-19 Growth Vaccine: Will Investment - Driven Surge in International Trade be a Game-Changer. The Management Accountant Journal, 56(4), 28–31. https://doi.org/10.33516/maj.v56i4.28-31p

Issue

Section

Cover Story

References

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Mankovska, N., Dean, J.W. (2002). The Relationship between Foreign Direct Investment and Trade Flows in a Transition Economy: The Case of Ukraine. In: von Cramon-Taubadel S., Akimova I. (eds) Fostering Sustainable Growth in Ukraine. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57464-1_19

Jana, S.S., Sahu, T.N. & Pandey, K.D. (2020). How far is FDI relevant to India’s foreign trade growth? An empirical investigation. Economic Structures 9, 30. https://doi.org/10.1186/s40008-020-00212-6

Fontagné, L. (1999). Foreign Direct Investment and International Trade: Complements or Substitutes?. OECD Science, Technology and Industry Working Papers, No. 1999/03, OECD Publishing, Paris. https://doi.org/10.1787/788565713012.

https://www.imf.org/en/Publications/SPROLLs/world-economic-outlook-databases#sort=%40imfdate%20descending

https://data.worldbank.org/

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