In the News
FDI into India - Foxconn and Vedanta to build $19bn India chip factory
Here is a good example for your globalisation / development notes. Taiwanese giant Foxconn and Indian mining company, Vedanta, has agreed a joint venture to build a semi-conductor plant in India, the third group to announce plans to build such a factory.
Not only might this help the global semi-conductor shortage, but it will also have a multiplied effect and might speed technology transfer to India, further boosting long-run growth.