Title:
Rethinking liberalisation of banking services under the India-EU Free Trade Agreement
Authors:
Singh, K.
,
Vander Stichele, M.
Editor:
Reynolds, E.
Place:
Amsterdam
Publisher:
SOMO
Year:
2009
Series Title:
SOMO Paper
Serial number:
September
PAGE:
8
ISBN:
978-90-71284-45-8
Language:
eng
Subject:
Economic Development and Trade
Keywords:
trade
,
finance
,
international cooperation
Abstract:
The European Union (EU) and India are negotiating a free trade agreement (FTA) which encompasses liberalization and deregulation of financial services. This paper wants to raise policy issues that run much deeper than the current liberalisation debate and consider who will benefit and who will lose from the FTA. This paper first looks at the performance of EU banks in India, especially as compared to the developmental needs of the un-banked and underbanked regions and groups of people in India. Since the financial and economic crisis has highlighted the fact that liberalised and deregulated financial services have damaging effects on a country, this paper also analyses how free trade agreements potentially reinforce rather than mitigate those trends.
Organization:
SOMO - Centre for Research on Multinational Corporations
Country:
India
Region:
South Asia
,
Europe
Category:
Research
Right:
© 2009 SOMO
Document type:
Report
File:
157066.pdf