Shailly Nigam | Prince Sattam Bin Abdulaziz University (original) (raw)
Papers by Shailly Nigam
India and China are considered to be the stalwarts of Asian economic growth and the magnitude of ... more India and China are considered to be the stalwarts of Asian economic growth and the magnitude of their population as well as the businesses on board makes both of them to be potential leaders in the global financial sector. In recent times, both India and China have shown a transition in terms of their economic growth where India is on its way to become the fastest growing economy of the world and China is consolidating its growth pattern around the new normal. Needless to say, both the economies require an all-round development in order to achieve their objectives. A major contribution comes from the capital markets these countries by providing adequate finance to the big, small and medium enterprises. Keeping this as background, the present study makes an analysis of the capital markets of these economies. The objective of the study is to evaluate the past, assess the present and chart out a future performance of the capital markets of these two countries. For this purpose, extens...
The South-South Cooperation (SSC) is a word used to represent an expansive outline for associatio... more The South-South Cooperation (SSC) is a word used to represent an expansive outline for association among countries of the global South in their economic, socio-cultural, technical and environmental aspects by the exchanging resources, technology, and knowledge. In past, Indian economy had to rely heavily on the official development assistance provided to it by other countries, but even then, it had a characteristic feature of providing the development assistance to the less developed economies. Over time, it has transformed itself into a country which provides substantial aid for the growth and development, especially under SSC. The aid has been beneficial not only for the growth of recipient countries, but also for the reputation of India in global South. This study analyses the aims of the help provided by India under SSC and evaluates the objectives behind it. The paper examines the purpose of the aid provided by India over last decade and scrutinises the basis behind each object...
In modern times, deep transition in the global economic structure has remodeled the organizationo... more In modern times, deep transition in the global economic structure has remodeled the organizationof international trade. A substantial part of which, is intra-firm trade understood as thetransnational flow of goods and services between parent enterprises and their associates or amongthese associates, in contrast with the arm’s length trade between unrelated parties (inter-firmtrade). Change in production capacities happens to be one of the major factors behind thisrestructured international trade. As a result, local industries and national economies of variouscountries have become an integral part of global value chains (GVCs). These countries includeemerging economies, which are being increasingly impacted by GVCs every year. This paperanalyses the role of developing economies in the global value chains. The study finds that themarket growth in these economies has been the main reason for shift in end markets in GVCs, ashave been the upsurge of regional trade organizations and the p...
Journal of World Economic Research, 2015
South-South cooperation (SSC) elucidates the cooperation made by developing countries to find mut... more South-South cooperation (SSC) elucidates the cooperation made by developing countries to find mutual solutions for common constraints faced by development of the state. Connected by likenesses in their development settings and challenges, the nations of the South have been ever more vigorous in cooperating with each other in terms knowledge sharing, technology exchange, and common programme formation and collective action initiation. Consequently, SSC aims to stimulate self-reliance among the countries of global south and to reinforce their economic relationships. This paper analyses the performance of various countries as a participant in the south-south cooperation and makes an investigation into the challenges faced by them in the due course. Budgets of southern contributors have been investigated and analysis has been made to evaluate the contributions made by various countries to other developing economies. It has also been taken into account that how much has been the impact of the donor participant on the receiving country's economy. The study concludes the findings in form of the challenges faced by south-south cooperation, the most predominant of which emerges due to the lack of a universally accepted definition of the term south-south cooperation. The paper also makes suggestions to the contributors to overcome those challenges.
Journal of Business and Economics, 2015
In modern times, deep transition in the global economic structure has remodeled the organization ... more In modern times, deep transition in the global economic structure has remodeled the organization
of international trade. A substantial part of which, is intra-firm trade understood as the
transnational flow of goods and services between parent enterprises and their associates or among
these associates, in contrast with the arm’s length trade between unrelated parties (inter-firm
trade). Change in production capacities happens to be one of the major factors behind this
restructured international trade. As a result, local industries and national economies of various
countries have become an integral part of global value chains (GVCs). These countries include
emerging economies, which are being increasingly impacted by GVCs every year. This paper
analyses the role of developing economies in the global value chains. The study finds that the
market growth in these economies has been the main reason for shift in end markets in GVCs, as
have been the upsurge of regional trade organizations and the paradigm shift in the industrial
policies of these economies which have been more GVC oriented than the past. The study also
suggests there is a word of caution against excessively GVC focused approach as it may not work
favorably to the indigenous enterprises of emerging markets.
Recent developments in the fields of global financial architecture and economic growth have made ... more Recent developments in the fields of global financial architecture and economic growth have made peculiar impact on Asian markets. They are faced with ever increased opportunities but at the same time, have to overcome certain challenges in order to ensure growth for themselves and contribute to the development of the other economies. These challenges include, but are not limited to, the slower economic growth witnessed by Asian giants such as China and India in recent times due to the continued economic crisis in developed economies, increasing doubts of global investors, burgeoning middle income class and declining exports consequent to the less enthusiastic external markets. This necessitates the urgency to study Asian financial development in recent times and evaluate the needs it currently has. This paper analyses the financial development and economic growth in Asia over past fifteen years. Some of the main findings highlight increasing income inequality and gaps in financial inclusion across various economies of the continent. The research also shows that the progressing transition in the region’s growth prototype from being predominantly investment oriented to one developing an increased reliance on investment as well as productivity growth also emphasises the earnestness for financial development. The research concludes that in order to be benefitted from a robust financial architecture, governments of various countries of the region should pay heed to integrate their respective financial systems with all inclusive structural and policy reforms. This implies that the nations of the region should ensure financial development in a manner which minimizes the risks pertaining to their financial stability and maximizes the welfare in form of regional economic growth.
South-South cooperation (SSC) elucidates the cooperation made by developing countries to find mut... more South-South cooperation (SSC) elucidates the cooperation made by developing countries to find mutual solutions for common constraints faced by development of the state. Connected by likenesses in their development settings and challenges, the nations of the South have been ever more vigorous in cooperating with each other in terms knowledge sharing, technology exchange, and common programme formation and collective action initiation. Consequently, SSC aims to stimulate self-reliance among the countries of global south and to reinforce their economic relationships. This paper analyses the performance of various countries as a participant in the south-south cooperation and makes an investigation into the challenges faced by them in the due course. Budgets of southern contributors have been investigated and analysis has been made to evaluate the contributions made by various countries to other developing economies. It has also been taken into account that how much has been the impact of the donor participant on the receiving country’s economy. The study concludes the findings in form of the challenges faced by south-south cooperation, the most predominant of which emerges due to the lack of a universally accepted definition of the term south-south cooperation. The paper also makes suggestions to the contributors to overcome those challenges.
The South–South Cooperation is a term used to explicate a broad framework for association among c... more The South–South Cooperation is a term used to explicate a broad framework for association among countries of the global South in their economic, socio-cultural, technical and environmental aspects by the exchanging resources, technology, and knowledge. In the recent past, the economies of Brazil, Russia, India, China and South Africa, in short- BRICS, have shown an ever increased interest and co-operation in these areas with low income African countries (LIACs). The effect of this is felt intensely, though inconsistently, across the African continent. As a consequence, South-South Cooperation between BRICS and LIACs is not only becoming a key source of economic transformation and sustainable development in the African continent, but also setting an example for the others. This paper makes a comparative analysis of the BRICS participation in cooperation with LIACs and its effects on their economic growth. It also studies how the greatest implication of the BRICS on LIACs is stemming out of three main agents, namely, development assistance, trade and investment. However not all being well, the research also reveals the understated challenges posed to the African countries requiring better economic managing and controlling to minimize the related risks and magnify potential benefits.
India and China are considered to be the stalwarts of Asian economic growth and the magnitude of ... more India and China are considered to be the stalwarts of Asian economic growth and the magnitude of their population as well as the businesses on board makes both of them to be potential leaders in the global financial sector. In recent times, both India and China have shown a transition in terms of their economic growth where India is on its way to become the fastest growing economy of the world and China is consolidating its growth pattern around the new normal. Needless to say, both the economies require an all-round development in order to achieve their objectives. A major contribution comes from the capital markets these countries by providing adequate finance to the big, small and medium enterprises. Keeping this as background, the present study makes an analysis of the capital markets of these economies. The objective of the study is to evaluate the past, assess the present and chart out a future performance of the capital markets of these two countries. For this purpose, extens...
The South-South Cooperation (SSC) is a word used to represent an expansive outline for associatio... more The South-South Cooperation (SSC) is a word used to represent an expansive outline for association among countries of the global South in their economic, socio-cultural, technical and environmental aspects by the exchanging resources, technology, and knowledge. In past, Indian economy had to rely heavily on the official development assistance provided to it by other countries, but even then, it had a characteristic feature of providing the development assistance to the less developed economies. Over time, it has transformed itself into a country which provides substantial aid for the growth and development, especially under SSC. The aid has been beneficial not only for the growth of recipient countries, but also for the reputation of India in global South. This study analyses the aims of the help provided by India under SSC and evaluates the objectives behind it. The paper examines the purpose of the aid provided by India over last decade and scrutinises the basis behind each object...
In modern times, deep transition in the global economic structure has remodeled the organizationo... more In modern times, deep transition in the global economic structure has remodeled the organizationof international trade. A substantial part of which, is intra-firm trade understood as thetransnational flow of goods and services between parent enterprises and their associates or amongthese associates, in contrast with the arm’s length trade between unrelated parties (inter-firmtrade). Change in production capacities happens to be one of the major factors behind thisrestructured international trade. As a result, local industries and national economies of variouscountries have become an integral part of global value chains (GVCs). These countries includeemerging economies, which are being increasingly impacted by GVCs every year. This paperanalyses the role of developing economies in the global value chains. The study finds that themarket growth in these economies has been the main reason for shift in end markets in GVCs, ashave been the upsurge of regional trade organizations and the p...
Journal of World Economic Research, 2015
South-South cooperation (SSC) elucidates the cooperation made by developing countries to find mut... more South-South cooperation (SSC) elucidates the cooperation made by developing countries to find mutual solutions for common constraints faced by development of the state. Connected by likenesses in their development settings and challenges, the nations of the South have been ever more vigorous in cooperating with each other in terms knowledge sharing, technology exchange, and common programme formation and collective action initiation. Consequently, SSC aims to stimulate self-reliance among the countries of global south and to reinforce their economic relationships. This paper analyses the performance of various countries as a participant in the south-south cooperation and makes an investigation into the challenges faced by them in the due course. Budgets of southern contributors have been investigated and analysis has been made to evaluate the contributions made by various countries to other developing economies. It has also been taken into account that how much has been the impact of the donor participant on the receiving country's economy. The study concludes the findings in form of the challenges faced by south-south cooperation, the most predominant of which emerges due to the lack of a universally accepted definition of the term south-south cooperation. The paper also makes suggestions to the contributors to overcome those challenges.
Journal of Business and Economics, 2015
In modern times, deep transition in the global economic structure has remodeled the organization ... more In modern times, deep transition in the global economic structure has remodeled the organization
of international trade. A substantial part of which, is intra-firm trade understood as the
transnational flow of goods and services between parent enterprises and their associates or among
these associates, in contrast with the arm’s length trade between unrelated parties (inter-firm
trade). Change in production capacities happens to be one of the major factors behind this
restructured international trade. As a result, local industries and national economies of various
countries have become an integral part of global value chains (GVCs). These countries include
emerging economies, which are being increasingly impacted by GVCs every year. This paper
analyses the role of developing economies in the global value chains. The study finds that the
market growth in these economies has been the main reason for shift in end markets in GVCs, as
have been the upsurge of regional trade organizations and the paradigm shift in the industrial
policies of these economies which have been more GVC oriented than the past. The study also
suggests there is a word of caution against excessively GVC focused approach as it may not work
favorably to the indigenous enterprises of emerging markets.
Recent developments in the fields of global financial architecture and economic growth have made ... more Recent developments in the fields of global financial architecture and economic growth have made peculiar impact on Asian markets. They are faced with ever increased opportunities but at the same time, have to overcome certain challenges in order to ensure growth for themselves and contribute to the development of the other economies. These challenges include, but are not limited to, the slower economic growth witnessed by Asian giants such as China and India in recent times due to the continued economic crisis in developed economies, increasing doubts of global investors, burgeoning middle income class and declining exports consequent to the less enthusiastic external markets. This necessitates the urgency to study Asian financial development in recent times and evaluate the needs it currently has. This paper analyses the financial development and economic growth in Asia over past fifteen years. Some of the main findings highlight increasing income inequality and gaps in financial inclusion across various economies of the continent. The research also shows that the progressing transition in the region’s growth prototype from being predominantly investment oriented to one developing an increased reliance on investment as well as productivity growth also emphasises the earnestness for financial development. The research concludes that in order to be benefitted from a robust financial architecture, governments of various countries of the region should pay heed to integrate their respective financial systems with all inclusive structural and policy reforms. This implies that the nations of the region should ensure financial development in a manner which minimizes the risks pertaining to their financial stability and maximizes the welfare in form of regional economic growth.
South-South cooperation (SSC) elucidates the cooperation made by developing countries to find mut... more South-South cooperation (SSC) elucidates the cooperation made by developing countries to find mutual solutions for common constraints faced by development of the state. Connected by likenesses in their development settings and challenges, the nations of the South have been ever more vigorous in cooperating with each other in terms knowledge sharing, technology exchange, and common programme formation and collective action initiation. Consequently, SSC aims to stimulate self-reliance among the countries of global south and to reinforce their economic relationships. This paper analyses the performance of various countries as a participant in the south-south cooperation and makes an investigation into the challenges faced by them in the due course. Budgets of southern contributors have been investigated and analysis has been made to evaluate the contributions made by various countries to other developing economies. It has also been taken into account that how much has been the impact of the donor participant on the receiving country’s economy. The study concludes the findings in form of the challenges faced by south-south cooperation, the most predominant of which emerges due to the lack of a universally accepted definition of the term south-south cooperation. The paper also makes suggestions to the contributors to overcome those challenges.
The South–South Cooperation is a term used to explicate a broad framework for association among c... more The South–South Cooperation is a term used to explicate a broad framework for association among countries of the global South in their economic, socio-cultural, technical and environmental aspects by the exchanging resources, technology, and knowledge. In the recent past, the economies of Brazil, Russia, India, China and South Africa, in short- BRICS, have shown an ever increased interest and co-operation in these areas with low income African countries (LIACs). The effect of this is felt intensely, though inconsistently, across the African continent. As a consequence, South-South Cooperation between BRICS and LIACs is not only becoming a key source of economic transformation and sustainable development in the African continent, but also setting an example for the others. This paper makes a comparative analysis of the BRICS participation in cooperation with LIACs and its effects on their economic growth. It also studies how the greatest implication of the BRICS on LIACs is stemming out of three main agents, namely, development assistance, trade and investment. However not all being well, the research also reveals the understated challenges posed to the African countries requiring better economic managing and controlling to minimize the related risks and magnify potential benefits.