00843pab a2200145 454500008004000000100001700040245006400057260000900121300001500130362001000145520045400155650002300609650003100632773003400663180718b2000   xxu||||| |||| 00| 0 eng d  aNagesh Kumar  aMergers and acquisitions by MNEs: patterns and implications  c2000  ap.2851-858  a5 Aug  aA competition policy is more, not less, important with liberalised FDI inflows. This is because of growing mergers and acquisitions by multination enterprises concentrate market power. Unlike greenfield investments, M and As may not add to the stock of capital in the country, nor bring in new knowledge or lead to knowledge spillover. The hope for benefits of FDI inflows will accrue only if there is an appropriate competition policy. - Reproduced  aForeign investment  aTransnational corporations  aEconomic and Political Weekly