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8 - Reimagining the World in Stages

from Part II - Emergent Strategy in a World of Nations

Published online by Cambridge University Press:  27 October 2022

Christina Lubinski
Affiliation:
Copenhagen Business School
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Summary

Chapter 8 follows the Indo-German collaborations to the 1980s. Indias primary development goal was rapid industrialization and it invested heavily in imports from abroad, including from Germany, which turned into one of its most important trading partners. However, India also struggled with a chronic foreign exchange crisis, requiring development aid from abroad. The underlying mental map of nationalism changed during this period, stressing a policy direction focused on a predetermined path to growth and development. Grappling with the relationship between nations was less a matter of interpreting ideas derived from politics and ideologies and more an exercise of mastering development science. In this framework, nation states with a unique history and identity increasingly turned into building blocks of a worldview that prioritized countries development stage over its unique national features. While top-level strategy of German multinationals reflected these abstract and universal models of the world, strategy on the ground in India was shaped not by predictable categories but by one-off and specific negotiations with Indian officials, especially since the mid-1970s in the context of changes to the Foreign Exchange Regulation Act and anti-monopoly legislation.

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Chapter
Information
Navigating Nationalism in Global Enterprise
A Century of Indo-German Business Relations
, pp. 211 - 245
Publisher: Cambridge University Press
Print publication year: 2022

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