A significant uptrend in outward FDI has also been observed in the case of India in recent years. Since globalisation is a two-way process, integration of the Indian economy with the rest of the world is evident not only in terms of higher level of FDI inflows but also in terms of increasing level of FDI outflows.
Mr. Greenspan examines the process by which former centrally planned economies are embracing free markets Remarks by the Chairman of the Board of Governors of the US Federal Reserve System, Mr. Alan Greenspan, at the Woodrow Wilson Award Dinner of the Woodrow Wilson International Center for Scholars in New York on 10/6/97.